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Tag Lenderhomemortgage asearch searchssearcha Tag csearch Lenderhomemortgage Hsearchm Www Home Your mortgage lender may require this and you will have to pay for the survey.
You may also run into problems with buildings insurance if the property has been built on a landfill site as this may cause movement in future of the building and you cannot get insurance for this
Think wisely before you commit yourself to this purchase – get the report – if the report states that there is no chance of movement in the future you will be OK as you can send a copy of this report to any future insurance company and get buildings coverage- This would also give you “peace of mind” know that in the future your walls will not crack etc in a few years time – good luck
In the UK I don’t think the mortgage lender ever requests to see the results of those checks. They are usually just interested in their surveyors opinion on the value of the property.
It might be worth getting them done though just for your peace of mind. It could affect the resale value if the land is contaminated not to mention the health hazard issue!
Well, you should be careful. I would check for contamination – even if it is optional. If you buy a house on contaminated land you may not be able to sell it in 3 or 4 years time.
If these tests become compulsory— sooner or later they will– any future buyer will find out from a test and you will not be able to sell.
Around here some houses built on the site of a former gasworks, are now virtually unsellable.