Should I buy a property that’s been underpinned?
If you’ve fallen in love with a house that’s been underpinned, one of the first things to consider is getting a full structural survey. This will tell you whether there are any ongoing issues affecting the property.
Bear in mind that there’s a risk the property could be harder to sell in the future. It’s impossible to generalise, though. In some areas where subsidence is common, people aren’t so concerned about an underpinned property. And remember that just because a property is underpinned, it doesn’t mean it’s suffered from subsidence – although it does pay to be wary.
If you do buy an underpinned property, don’t forget to have your buildings insurance in place from the day you exchange, rather than waiting until you move in. As soon as the exchange takes place, the property becomes your responsibility.