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Past subsidence claim...

(8 Posts)
mostlyrain Wed 24-Aug-16 22:09:34

We are in the process of buying a house. It's been a long slog and just as it feels we are nearly there one of the enquiries comes back to say there was a past insurance claim for subsidence in the 1990s. Repair work was undertaken and no further damage has been noted. It's a probate property so the vendors don't know any more than that. What do we do????

wowfudge Wed 24-Aug-16 22:16:47

Ask who insures it and for an idea of the premiums. It was twenty odd years ago though.

MrsPigling Wed 24-Aug-16 22:33:20

snap! well nearly...

we've found the house we're buying has had underpinning to the garage, but we're not sure why. I've asked the seller's solicitors lots of questions, but not had any answers yet. The estate agent told us when the owners extended the garage one of the footings slipped. That sounds very odd to us though. I'm not sure what we'll do.

From what I've read the current insurers have an obligation to let you transfer the policy (assuming it's still in force if it's a probate sale?). There are also specialist brokers who can advise on insurance.

Have you had a full structural survey? if not, maybe it's worth getting a structural engineer out?

BeautifulMaudOHara Wed 24-Aug-16 22:35:31

Be careful, get a full survey. My friends house is un sellable due to subsidence and insurers are refusing to pay so they are completely stuck.

Spickle Thu 25-Aug-16 07:56:45

MrsPigling perhaps the garage's foundations are not as strong or as deep as the house's foundations? I think it was a fairly common fault with estates built in the 70s/80s.

mostlyrain definitely find out who insures the property and what the premiums are. Does the vendor have any paperwork at all? You should get a full structural survey done in any event, so that you can make an informed decision whether to proceed with the purchase.

Mommasoph30 Thu 25-Aug-16 12:37:50

it depends on the size of the claim, i work in property insurance, and providing work had been done we would still insure. its where there is a possibility of re-occurrence which would course problems. Get full survey done and go with your gut. Even if you did get insurance you probably find that the excess would be higher that usual ( usually £1,000) so dependent on size of claim and past history this would be a factor.

mostlyrain Thu 25-Aug-16 14:50:06

Thanks everyone! We're having a full survey done in 10 days time. The solicitor has asked for the insurance details so we can do some more digging. The last house we wanted to buy fell through as it had been flooded so this is dejuvu!

Muddle2000 Thu 25-Aug-16 15:45:47

The dealbreaker for me would be this: is this problem likely to come back
again in the future ? especially if I want to sell If the problem returned and
I wanted to sell to people who will need a mortgage for example
Subsidence is always on property seller questionnaire

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