MINING & SINKHOLE UPDATE - LONDON & SOUTH EAST ENGLAND - NEW SEARCH BRIEFING CPD
11 October 2016
PSG invite you to join them for a Breakfast CPD on the 11th October, looking at the reason behind ground instability and sinkhole events in the local area.
When you think of mining and ground instability issues, you may think that you only have to worry about this if the property is in Cornwall, possibly Wales, maybe the North East?
Most people are very surprised to hear that past mining and mineral extraction has an impact on ground instability right across the country.
In fact London and the South East have their fair share of issues caused by mining activity.
It seems at the moment that there are new sinkholes being reported every week.
The majority of people are unaware of the links between historic mining activity, and these sinkholes that keep appearing! It is becoming vital to investigate what’s underneath the surface as part of the conveyancing process. Lenders, such as Santander & HSBC, are currently considering requesting this as part of their standard terms. HSBC are already requesting this search for London properties.
PSG are working closely with Terrafirma to bring you a brand new, unique search that will inform you of potential ground instability issues and can help you avoid situations like these:
Terrafirma was founded by three geologists with a combined experience of over thirty years in tackling mining-related ground instability issues in the South West. They have dedicated their professional careers to investigating, mapping and interpreting the legacy of mining and mineral extraction in the UK, and designed their unique TerraSearch platform and reports.
Benefits of Terrafirma’s Search Reports:
Professional peace of mind for you and your client from the UK’s only Local Mining Experts
Ensuring your due diligence and your clients safety by identifying and assessing the risk from mining and mineral extraction
The most comprehensive mining database on the market (includes; Fracking, Coal, Metalliferous, Chalk, West Midlands Limestone, Ball/China/Brick Clay, Bath/Free Stone and many more, all in one report), industry expert geologists and Terrafirma’s bespoke Geographical Information System (GIS) minimizes delay, cost and litigation
Quickest and most efficient delivery timescales available on the market
Is backed by £5 million PII cover (on any one claim), which can be relied upon by all parties within a property transaction
This CPD will help you to find out more about how PSG and Terrafirma can ensure you have all the tools you need to help your clients make an informed decision when purchasing a property, and what potential issues lay beneath the surface in your local area.
If you only go to one CPD event this year, make it this one!
This will limited to 30 delegates. Make sure you register to secure your place!
Registration is from 8.30am and breakfast is included.