During the searches process, I have uncovered that the property I had intended on purchasing was subject to recent (3 years) "precautionary remedial works to the foundations". Read - underpinning. Although no claim for subsidence, or evidence of subsidence has been (so far - i'm awaiting a missing structural report) made or uncovered, it appears "underpinning" is a dirty word. My current insurers refused to insure the property - as in - wouldn't even offer a quote.
Quotes so far for building insurance have been circa £1000, with a massive excess if any work with regards to subsidence is required. 1940's house.
We offered full asking price for the property. It's not cheap.
I'm also concerned at the level of deception potentially involved. The works have been documented by a chartered engineer. The work has been signed off by the local Building control etc. but NOWHERE is the work referred to as underpinning, despite (as I've now discovered), it is exactly that.
Advice?
Everything is on hold atm.
Quotes so far for building insurance have been circa £1000, with a massive excess if any work with regards to subsidence is required. 1940's house.
We offered full asking price for the property. It's not cheap.
I'm also concerned at the level of deception potentially involved. The works have been documented by a chartered engineer. The work has been signed off by the local Building control etc. but NOWHERE is the work referred to as underpinning, despite (as I've now discovered), it is exactly that.
Advice?
Everything is on hold atm.
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