Is it safe to buy a property which has been underpinned?

[totallyproperty]

If you look at the property market you will see an array of different opportunities, different types of property and different risk/reward ratios. Over the years we have seen instances of properties which have been underpinned coming up for sale and buyers questioning whether the fact they have been underpinned is a risk and should they go ahead.

Let us take a step back and look at the situation, assuming all paperwork is in place and the work has been carried out correctly, you would rather have a property which has been underpinned than one which has not. In many cases it is adjacent properties which have caused the issue, such as subsidence, etc, with many properties underpinned as a cautionary measure.

While each situation will be very different, and legal and technical advice should be taken, there is no specific reason why acquiring an underpinned property should carry any greater risk as long as you have investigated the situation thoroughly.

 

[Alexei]

As you have discovered, it is not impossible to buy buildings insurance for a house that has experienced subsidence in the past but what you have also discovered is that it is expensive.