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Could my mortgage be affected???
Ftbnewbie
Posts: 50 Forumite
Finally got the full buyers report from the solicitors for the house we are purchasing and it states this:
The property is not in an area where the Coal Authority has plans to grant a licence to remove coal using underground methods. The property is not in an area likely to be affected from any planned future underground coal mining. However, reserves of coal exist in the local area which could be worked at some time in the future.
(4) There are no known coal mine entries within, or within 20 metres of, the boundary of the property.
(5)There are 3 claim(s) within 50 metres of the property boundary that do not match the property address. These are shown on the enquiry boundary plot.
There is no current Stop Notice delaying the start of remedial works or repairs to the property.
The Coal Authority is not aware of any request having been made to carry out preventive works before coal is worked under section 33 of the Coal Mining Subsidence Act 1991. If further subsidence damage claims information is required, please visit https://www.groundstability.com.
We have asked the seller’s solicitors to provide a further report regarding this which may also need to be referred to your mortgage lender to confirm whether they are still happy to proceed.
Could we end up losing our mortgage offer? Surely the fact that the previous two occupants managed to get a mortgage means it’s mortgagable ? The whole area was a mining area years ago and we used our local lender who I assume has knowledge of this?
Hoping I’m worrying over nothing , but my head is already hurting after reading pages and pages of forms and the leasehold details for the property. Nothing is ever in plain English it seems.
The property is not in an area where the Coal Authority has plans to grant a licence to remove coal using underground methods. The property is not in an area likely to be affected from any planned future underground coal mining. However, reserves of coal exist in the local area which could be worked at some time in the future.
(4) There are no known coal mine entries within, or within 20 metres of, the boundary of the property.
(5)There are 3 claim(s) within 50 metres of the property boundary that do not match the property address. These are shown on the enquiry boundary plot.
There is no current Stop Notice delaying the start of remedial works or repairs to the property.
The Coal Authority is not aware of any request having been made to carry out preventive works before coal is worked under section 33 of the Coal Mining Subsidence Act 1991. If further subsidence damage claims information is required, please visit https://www.groundstability.com.
We have asked the seller’s solicitors to provide a further report regarding this which may also need to be referred to your mortgage lender to confirm whether they are still happy to proceed.
Could we end up losing our mortgage offer? Surely the fact that the previous two occupants managed to get a mortgage means it’s mortgagable ? The whole area was a mining area years ago and we used our local lender who I assume has knowledge of this?
Hoping I’m worrying over nothing , but my head is already hurting after reading pages and pages of forms and the leasehold details for the property. Nothing is ever in plain English it seems.
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Comments
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"The LEASEHOLD details of the property" would worry me more.0
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How so?
The groundrent is fair and lease looks standard as far as I can tell.
I’m just worrying with them saying it may need to be referred back to mortgage lender that we lose everything after all this time and money.0 -
Possibly.Could we end up losing our mortgage offer?
That's reassuring, but lenders' policies change from time to time.Surely the fact that the previous two occupants managed to get a mortgage means it’s mortgagable ?
Again, that helps, but it depends on the specifics of this property.The whole area was a mining area years ago and we used our local lender who I assume has knowledge of this?
Then ask your solicitor to put it into plain English. It's what you're paying them for.Nothing is ever in plain English it seems.0 -
If the claims were 50m away, is that not a beyond the area of concern with regards to our property?0
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In all honesty, I’d say between 40 to 50m away and no closer.0
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No one is ever going to deep mine coal in this country any more. We’ve just about stopped using it in our power stations and even if a few keep going it’s vastky cheaper to import it.
It’s just typical a**e covering on a survey. What your mortgage company will do who knows but the prospects for coal mining would have been far higher* when previous mortgages were granted.
* but still similar to winning the big one on the lottery0 -
This is more about claims for subsidence damage caused by past mining (which could crop up a considerable period after mining ceased - depends on depth/method of mining and other geotechnical stuff beyond my ken).AnotherJoe wrote: »No one is ever going to deep mine coal in this country any more. We’ve just about stopped using it in our power stations and even if a few keep going it’s vastky cheaper to import it.
It’s just typical a**e covering on a survey. What your mortgage company will do who knows but the prospects for coal mining would have been far higher* when previous mortgages were granted.
* but still similar to winning the big one on the lottery0 -
But I didn't think there was any past mining? I thought this was just saying "there's believed to be coal in the area, so who knows what might happen in future".0
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Thanks for all the replies. The help I get on here is anazing, so thank you all again.
I spoke with the solicitor just now and she told me not to worry and that it’s just good practice that it’s disclosed to the lender and a buffer report will be provided for extra piece of mind. In her experience, and opinion it won’t affect the mortgage offer, and especially as the only concerns are mostly about proximity of mine shafts/hatches ( of which there are none within 200m). Fingers crossed for now x0
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