We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
Our mining search has come back with an uncapped mineshaft within 20m of the house we are in the midst of purchasing. We have had the interpretive report which says the chances of movement because of the mine is small but we are in the zone of impact if it does. It has been referred back to our lender Yorkshire Building Society. Does anyone know what their policy is in these situations?
The mine is 15m from our boundary wall and 20m from the house. We have spoken to the surveyor who carried out our homebuyers report and he estimates the value of the property has dropped by 20%.
I think we know its a no go regardless of YBS decision but as their is a specialist lender for these types of properties in our area just wondered if it really is that bad an idea to buy a house that close to an untreated shaft?? I know insurance can be tricky.
