PSG are pleased to introduce TerraSearch®Coal, the latest addition to Terrafirma’s range of mineral extraction reports and an important step change in UK mining risk assessment.
Why are mining searches important?Coal mining was abundant in England and Wales from the 19th Century onwards as the Industrial Revolution gathered pace; today the legacy of this mining activity is recorded at over 172,000 coal mine shafts across the UK.
Often invisible to the eye, historic mine workings can run long distances underground. When these tunnels and shafts collapse, subsidence occurs, often in the form of a sink hole, which can cause major problems for land or property owners.
If a property is considered to be in an area that has a potential risk from past or present mining activity, lenders may require further investigation before making the decision to lend.
As an added benefit, you can choose to upgrade your report to TerraSearch® Coal Extra which includes:
For an all encompassing assessment and interpretation of Coal and Cheshire Brine Mining Risk, speak to your local PSG about TerraSearch® Coal and Coal Extra.
*This policy provides cover for up to £50,000 in loss of value to the property in the event that any subsequent reports reveal errors or omissions in the original source data.
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