Subsidence concerns on purchase property

[dottypencilcase]

Hello everyone- looking for some guidance/reassurance please.

We're going through the conveyancing process of a property we fell in love with at first sight. We were informed when we viewed the property that it had had some underpinning work done to it due to subsidence because of a large tree that was directly outside the front of the house and that everything had been sorted since. The vendor has provided a certificate of structural adequacy and confirmed that the insurance premium and excess payable for the subsidence risk has been affected. My question is that is this still a good property to proceed with? Will this issue impact its resale? This house is meant to be a short-term stop for us and we'd need to sell in the future- will past subsidence issues cause us further issues later on. We're due to have a full survey on the property at the end of June.

If it’s a short term stop no I’d go with something less hassle.

When was the subs?
Are you getting an SER?

Certificate of structural adequacy is from January 2021 (the insurance company monitored the property from Feb 2019- Sept 2020). The cause for movement was identified as a London Plane Tree outside the property which has seen been removed.

What's an SER?

Since been removed*

My worry also is if this information will impact our mortgage valuation

Structural engineers report. Best thing you can get if it's had subs

The cause works in your favour cos it's a tree and the tree's been removed. But the subs wasn't very long ago so this doesn't work so much in your favour. It doesn't mean you can get subs cover it just means it may affect the premium (though probably not as much as many people think, they look at subs on an individual basis looking at the cause and any documents to back you up) and yes the excess may be affected.
But as more time goes on the less the premium will be affected and the excess may go down too

Thank you- we've got a full structural survey booked in and we'll be scrutinising the report when we receive it. I've just checked insurance quotes for building which have previously had structural issues and the quotes seem reasonable.

@bananaskinny
A full structural report might not cover specialist advice on subsidence and whether any remedies have worked. A structural engineer might be needed.

Just to add: has it been underpinned? Or just a tree cut down? Is there any damage still visible? Is the ground now liable to retain a lot more water due to the loss of the tree. Often reducing a tree and underpinning is better. Sometimes insurance won’t pay for the best remedy so be very careful!