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do I need a mining search?

Hi,
We have just had contact from our solicitor saying that one of the searches which have been made has come back recommending a mine search due to the postcode. It costs £50. I have spoke to a friend who recently bought a property a few streets down who didn't come across this search in their purchase. Does anyone know anymore about them?
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Comments

  • kingstreet
    kingstreet Posts: 39,206 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Do you need a mortgage? Is the lender insisting on it?

    Is it a former mining area, coal, or perhaps even brine?

    The surveyor would normally suggest a report be obtained if the property is in a former mining area to his knowledge.
    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.
  • monkeydo
    monkeydo Posts: 35 Forumite
    No the mortgage company are not insisting on it, nor did it show up in the homebuyers report. Our solicitor has had it recommended by Cornwall Consultants during one of her searches.
  • kingstreet
    kingstreet Posts: 39,206 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Unless you have a real concern over what might be revealed in such a search I'd view your solicitor's suggestion as simple "!!! covering" on his/her part to ensure they don't get hit for negligence in the event of not bringing it to your attention.

    Your call, I'm afraid.
    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.
  • Werdnal
    Werdnal Posts: 3,780 Forumite
    Part of the Furniture Combo Breaker
    And whats the worst that can happen?


    http://www.cornwallconsultants.co.uk/shaft-collapse-gunnislake.html


    It is rare, but there are many shafts in Cornwall (I know I live here), which were "capped" back in the late 1800/early 1900's, by simply chucking old timbers into them until they "bridged" the hole, then filling with rubble and other rubbish. 100 odd years later, the timbers are rotting and the whole lot falls in!

    I actually know of a house near us where the lounge floor started to sag and they found an old shaft under the house! Imagine coming down in the morning and finding the hole in the link above in your living room ...

    Your call entirely, but as it may affect the long term value of your property, perhaps £50 outlay now might be a good investment ... ?
  • Werdnal
    Werdnal Posts: 3,780 Forumite
    Part of the Furniture Combo Breaker
    antrobus wrote: »


    Thats a sinkhole in the US, a totally different animal to a man made cornish mineshaft! See photo in my link above which is much more relevant to OP's situation.
  • _Andy_
    _Andy_ Posts: 11,150 Forumite
    So you're spending tens/hundreds of thousands of pounds on the place but want to save £50? hm
  • mrsmchapman
    mrsmchapman Posts: 358 Forumite
    Me personally if I were spending thousands on a home and a £50 survey was recommended I would do it, £50 is not a lot in the grand scheme
  • artbaron
    artbaron Posts: 7,285 Forumite
    £50 or this? Tough decision.
  • monkeydo
    monkeydo Posts: 35 Forumite
    mining search ordered. thanks for brining me down to earth, (and not falling down a hole).
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