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Mining Report - Past Underground workings
jase_31
Posts: 74 Forumite
I have just had a mining report on a property that reports, within the likely zone of influence from workings in 1 seam of coal at shallow depth, and last worked in 1939. There are no entries/shafts within 20m
Does the presence of past underground working affect the mortageability of a property, and need reporting to a lender (any conyencers out there!), or does this only apply to Mine Shafts?
The CML provide some update regardig properties close to Mine Entries (w w w.cml.org.uk/cml/policy/issues/6699), but the rest of this article is only available to members.
This area (West Midlands) has extensive underground workings, and most of reports I have seen show the property within the zone of influence of underground working.
Does the presence of past underground working affect the mortageability of a property, and need reporting to a lender (any conyencers out there!), or does this only apply to Mine Shafts?
The CML provide some update regardig properties close to Mine Entries (w w w.cml.org.uk/cml/policy/issues/6699), but the rest of this article is only available to members.
This area (West Midlands) has extensive underground workings, and most of reports I have seen show the property within the zone of influence of underground working.
0
Comments
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Being in a mining area will be picked up by the survey and def at search stage, and reports requested by then lender.
Hope this helps
Holly0 -
Past underground workings don't normally cause a problem for a surveyor, lender or insurer.
Problems start where there are mineshafts, adits or entries within 20m of the property, then get much worse within 5m.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
Some old mineworkings here in Glasgow are being filled in by the council and the owners of the properties above are being asked to pay 50% of the cost of the works - see http://www.stars.eveningtimes.co.uk/mobile/news/home-news/mineshaft-repairs-bill-shock-for-homeowners.19248977
Not sure if other parts of the country are doing anything similar though0
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