Underpinning foundations can help ‘naive’ first-time buyers
Underpinning foundations can help to make a property saleable again, if first-time buyers find they have purchased a home that suffers from subsidence.
Research from HSBC indicates that many first-time buyers are “naive” when it comes to buying their first home, and do not ask the most important questions of the vendor.
Just 5% consider subsidence to be something they should ask about – compared with 14% of estate agents who said it is an important question.
Instead, first-time buyers often focus on more general issues like location, garden size and the presence of local amenities – all of which they could find out for themselves, without asking the vendor.
“Buying a home is a serious financial commitment, so it is important that first-time buyers do their homework,” says HSBC’s head of mortgages Peter Dockar.
For those who find their new home is subject to subsidence, but who have already exchanged contracts and keys, underpinning foundations can help to prevent any further slipping of brickwork.
Even in poor ground conditions, we can combine pile foundations with needle beams to offer an extra level of support to a property.
With several types of piling foundations to choose from, contact our pile driving contractors and we can help you to decide which is right for your property.