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The Coal Mining Search is a search undertaken by the Coal Authority and the subsequent Coal Mining Report produced from Coal Mining Searches reveals whether the property has been subject to any coal mining related issues in the past such as subsidence, opencast mining, or if the property is located near an old mine shaft.
Here we take a look at Coal Mining Searches and Coal Mining Reports undertaken by the Coal Authority and their important role in the mortgage process, and help as to how we can assist along with details of the Mortgage and Remortgage help we offer.
Table of Contents:
'So, exactly what are Coal Mining Searches?' you may well be asking. A Coal Mining Search is simply a type of property search undertaken by the Coal Authority, upon instruction from your solicitor on application for a mortgage. Coal Mining Searches are carried out to see if the property to be mortgaged is or has been subject to any coal mining related issues.
Although the coal industry in Britain is all but exhausted compared with the thriving activity of the coalmines operating in the nineteenth and twentieth centuries, it remains very important for those purchasing a property in a current, proposed or former coal-mining area that a Coal Mining Search is carried out.
A Coal Mining Report is the subsequent report produced from a Coal Mining Search. A Coal Mining Report will reveal whether the property in question has been subject to any coal mining related issues in the past, for example if the property has been affected by subsidence, or if the property is built on, or sited near an old mine shaft. Similarly, open cast mining activity can have substantial environmental impacts on the property and surrounding land.
The Coal Mining Report will also reveal:
Yes, we can, but that will usually be one of the functions your solicitor will carry out. If you don't have a solicitor to act for you, we can even arrange that for you through one of our panel of conveyancing solicitors. We have negotiated a special fixed rate conveyancing package for our customers, and with a remortgage an all-in fixed cost!
So, please don't hesitate to Contact Us if you require any help with a Coal Mining Search or any other issues if you are purchasing or remortgaging a property. Our mortgage specialists are available until 10.00pm every day (including Saturdays & Sundays) on Freephone 08000 282 281, and we would be delighted to assess your circumstances and provide you with a rapid in-principle decision. Alternatively, you can enquire online at any time!
We take pride in offering a personal service, and you'll find our mortgage experts, and the rest of the crew to be friendly yet professional. We have the skills, the approach, and a diverse range of mortgage products to help, even in the trickiest of circumstances.
Hopefully we've managed to shed some light for you on Coal Mining Searches and Coal Mining Reports and have answered any of the initial questions you may have had. Remember, we're here to help, and we'd love to hear from you!
The overall cost for comparison is 9.8% APR.
The actual rate available will depend upon your circumstances. Ask for a personalised illustration. APR variable and based on a usual case. Most customers are likely to receive a lower rate or the same rate as our overall cost for comparison rate - learn more about APR.
There are no upfront broker fees.
However, a fee may be charged on successful completion. An indication is that on conforming cases (straightforward applications with no or minimal adverse credit) a fee may be charged of up to 1% of the amount advanced, typically £795 and will depend on your circumstances.
For non-conforming cases (where case research and processing may be more complex due to adverse credit or unusual circumstances), a fee may be charged of up to 3% of the amount advanced, typically £1,995.
THINK CAREFULLY BEFORE
SECURING OTHER DEBTS AGAINST YOUR HOME.
YOUR HOME MAY BE REPOSSESSED
IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
Adding existing debt to your mortgage will increase the repayment term and overall cost.
Are you worried and becoming stressed because you are having problems getting a mortgage or remortgage? Worry and stress no more! Here at Shire Direct we provide tailor made mortgage solutions to suit you, and can usually help with all kinds of circumstances including...
Remember, we're here to help, and would love to hear from you!
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