Any mine friendly Buy to Let Mortgages companies?

Norm1965

Hi all,
Just posted
this in the buying/selling thread so thought maybe someone here can help?

I've bought a house in Wolverhampton with cash at auction and am having difficulty finding a mortgage company willing to lend as it has a mine shaft within 20m of the property boundary. The coal board have said it is showing as possibly having an entry 9m from the back wall of the building. Didn't do a survey (this is the one that slipped thru the net) or get mining reports unfortunately. I have them now and they report a mine within 20metres. Is there a list of mortgage lenders who are more likely to lend (one or two available for residential mortgages but not BTL).
Any help appreciated!
Thanks
Norm

Let_Us_See

Best put it back for auction. No provider will consider if threat to property security.

Thrugelmir

Probably why the property was auctioned as only suitable for a cash buyer.

kingstreet

I'd spend time establishing if it's insurable too. If it isn't there's no point finding a lender as they will turn it down if it can't be insured.

Simon_gloster

Oh dear Norm, what a clanger.

bigadaj

You can apply for a mining report yourself direct from the coal authority, cost is less than fifty quid. This will show known workings and entries, however there are no guarantees these are comprehensive.

If there is an issue then remedial works could be tens of thousands, though there is a good chance that the property may be unaffected as it would appear that there aren't any obvious signs, assuming you've actually visited the property.