Environmental Searches explained, how we can help and our available mortgage assistance!
The Environmental Search is one of the more recent reports that are nowadays available to purchasers of properties.
"Friendly, helpful, put us at our ease, really easy to talk to"
Mr & Mrs C., Tipton, West Midlands
This page takes a closer look at the Environmental Search, their purpose, what's involved and how Shire Direct can help arrange environmental searches. We also look at the mortgage help we're able to offer.
Table of Contents:
What is an Environmental Search?
The Environmental Search is a type of Property Search available to purchasers of properties, so that they can be aware of the site on which the property is built, together with information to show as to whether the property is likely to provide a suitable investment, and a suitable environment for the family.
Different types of Environment Searches
There are two main different types of environmental searches.
These are domestic/residential environmental searches and commercial environmental searches for commercial properties. Let's take a closer look:
- Domestic (Residential) Environment Searches
There are various levels at which these reports are offered, although the standard domestic Environmental Search will usually provide a Risk Assessment compiled by a professionally qualified Environmental Surveyor having specialist knowledge in Environmental Law and Science, and contaminated land issues, and an appraisal as to how these may impact on the land and property. The cost of the basic report will typically be in the region of £60 - £100.
- Commercial Environment Searches
Other Environmental Reports are available from professionally qualified Environmental Surveyors for those seeking a comprehensive search on commercial properties. This type of report is ideal for businesses wishing to carry out an initial screening of a new site, and the means to assess environmental risks and liabilities attaching to commercial properties. The cost of this type of search ranges from £250 upwards.
This type of Report will usually include aerial photographs, as well as large-scale historic maps that may highlight potential risks that are not evident on small-scale maps. This type of Commercial Environmental Search report will usually set out:
- the key findings
- recommendations and guidance
- state the most sensitive application for which the site may be used
- the level of risk
- any remedial work necessary under current legislation
- proximity to landfill sites
- petroleum/fuel sites
- pollution incidents
Can Shire Direct arrange environmental searches for me?
Yes we can!
Although applying for standard property searches is usually the responsibility of your solicitor or licensed conveyancer, you will generally find that this specialist type of report may need to be undertaken before solicitors are instructed.
Please Contact Us for details.
Require further mortgage information, help and advice?
We would be delighted to have the opportunity of discussing your mortgage requirements with you. As specialist mortgage intermediaries, we will always set out the various options open to you, and naturally we'll carefully assess your circumstances, needs, requirements and aspirations so that we can come up with the most appropriate solution for you.
We're confident that you'll find our service, approach and outlook to be friendly, professional, helpful and positive. So, please don't hesitate to contact us if you would like to discuss your requirements without obligation!
Our mortgage advisors are available up until 10.00pm everyday on Freephone 08000 282 281, or alternatively you can enquire online at any time. Either way, we'll be delighted to provide you with an in-principle decision - whatever your circumstances.
That ends our look at the different types of Environmental Searches available and how we can help, we hope you found it to be useful. Remember, we're only ever a free telephone call or a couple of mouse clicks away, and will be pleased to help in any way we can!
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.
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