Victorian terrace with subsidence

[Aedis]

Hi, I’m thinking of buying a Victorian terraced house with subsidence issues. Plan is to buy with cash, underpin and renovate then take out a mortgage.
My concern is whether I’ll get buildings insurance or a mortgage once the works are complete. Anyone done this? Any advice?
Thank you

 

[Feltwell]

Once the work is complete, and you have the paperwork, you should be able to get a mortgage but your choice of lenders will likely be restricted.

There is a much less invasive alternative to underpinning - Geobear. Rather than me explain it, best to go through their website and have a look on Youtube - it's impressive stuff and has been around for a while now. I was in the process of buying a house earlier this year with severe subsidence and was considering Geobear - I had them booked to come out and do a survey and quote, but the house purchase fell through.

https://www.geobear.co.uk/

Do you know why it's subsided though, and has the root cause been sorted? As a terrace, are neighbouring properties affected? The house I was looking at, the cause was a badly leaking drain that the old boy who lived there had ignored for 30 years! It was 1 day and £250 to fix as well, so simple. The resulting house damage took tens of thousands off the house value.

 

[Aedis]

Thank you Feltwell, I’ll definitely look in to Geobear.
The neighboring property has also got cracks but the owner is elderly and maybe a little confused in general.
The property sits on a previous coal mining seam- I’m looking in to the possibility of making a claim via the gov scheme. I believe this is the cause of the subsidence. The house is priced accordingly and it suits me in every other aspect. I’m happy to pay for the work to be done, but would like to mortgage it after. Thank you for your advice.

 

[a twig]

My 2p would be to get a structural engineers report done to officially understand the problem and then another after the remedial work has been done to “prove” that the problem was both understood and solved for the benefit of the mortgage company - they love a good paper trail

 

[CliffordPope]

Is this old subsidence or on-going?