Mine shafts within 20m

KenKen

I am not asking a further reduction. I just decided not to pay a premium over the valuation price after mining issues which will definitely put many buyers off.

By the way they finally accept the valuation price next day after they put the house on market just to push me. However, I still have concerns over the mining issue. *comment removed by FT*

dragonsoup

I live in a mining area. The nearest mine shaft is about 15ft from my back door and there are several others nearby.

It's normal for my location and everybody around here knows that. It does not affect the demand for property in the village and anyone attempting a reduction for this reason isn't going to get very far.

Billyk

Hello
I too am completely devastated. Close to completion and now the bank have decided not to lend to me ad there is a mine within 10meters of my property boundary. Despite it not being within my boundary and the report stating that it is extremely unlikely to cause a problem to my property.
I have been told there are some banks more likely to sell in this case.
Can I ask who yours was please.

Also the house that does have the mine is mortgaged and it actually had 2 mines in it.

Many thanks

Purdeysmum

Hello Billyk,
Don't worry, this happened to me earlier this year with Santander, obviously devastated at the time but got a broker and went with Nationwide, who were happy to lend, even got a better LTV, so am now happily esconsed in my new home.

Good luck!

missprice

Conveyancer_South_East wrote: »

You should consider this carefully. Although the mine shafts may never cause any issues for the property, as you are saying, they could effect the future saleability of the property.


If you are thinking about it and are unsure whether to proceed or not, when you come to sell the property in the future, any buyers are likely to think the same.

If you live in a mining area, you won't care about capped shafts. Else big chunks of England a whole lot of Wales and a serious chunk of south Scotland would be empty.


Also Cornwall had tin mining but I don't know where, still mines.

LEJC

Conveyancer_South_East wrote: »

There is a difference between buying in an area of previous mining than having 3 shafts within 20 metres of the property!

I really would have thought that a conveyancer should have a little more knowledge of the system in relation to mines.....

maybe I am to assume you have never travelled outside of the south east of the uk.


24 posts and counting today from you as a new user...it must be a slow day at the office

missprice

Conveyancer_South_East wrote: »

:rotfl:


As with anything, if you are not sure about something on a property, more than likely when you come to sell potential buyers will think the same. 3 shafts within 20 metres is unusual no matter where the property is and whether you like it or not, it would effect the saleability of the property in the future. The same way that this buyer is unsure what to do.

West royd drive, Leeds, near canal
Rutland Street Bradford
The dell brighouse
Marchwood road, Sheffield

Just a few I have seen randomly on the interactive map

You trying to tell us no houses ever get bought on these streets and surrounds

LEJC

Conveyancer_South_East wrote: »

:rotfl:


As with anything, if you are not sure about something on a property, more than likely when you come to sell potential buyers will think the same. 3 shafts within 20 metres is unusual no matter where the property is and whether you like it or not, it would effect the saleability of the property in the future. The same way that this buyer is unsure what to do.

I wonder how anyone buys a property North of the Midlands......

LEJC

LEJC wrote: »

I wonder how anyone buys a property North of the Midlands......

Sorry to quote my own post...but I have the answer


It must be a minefield!

spirit

I sold a 3 bed detached just down the road from Middleton in April this year. The house was 10 years old, new boiler, showers, ensuite and all up together. There was no mention of mine shafts nearby.

It wasn't sold for anything like £190k, not that there was anything wrong with it at all, it was just the price for that area.