So… you think that mining risk is only a rural thing?
It is easy to assume that, if your client's property is in an urban area, your due diligence on the transaction would not need to involve purchasing a mining report - but our vast collection of historical mining data tells a very different story. We have previously written various pieces on urban mining1,2,3,4 but as a reminder coal mining and all other types of mining (such as tin, chalk, limestone and all other minerals) was historically prevalent in many urban areas across the UK - and as such it is vital that the risks associated with this historic mining are fully assessed as part of your due diligence checks on your clients’ transactions.
The news is full of stories5 about mining related sinkholes and ground stability issues even in the most built up areas of towns and cities. But you can rest assured that the new look Avista report which launches on the 1st July (for more information visit www.groundsure.com/changes-are-coming) will ensure that you are fully compliant with all the Law Society guidance on both environmental and mining risk because the report will now include a full all encompassing mining search. This all in one report will give both you and your client the absolute peace of mind that you have looked into everything that may affect not only the transaction itself, but vitally your client’s happiness in their new home.
Groundsure data shows that, for example, in London and Birmingham there are swathes of properties that could be affected by historical mining. Particularly 18.05% of the greater London area is in a non coal but other mining area. The new Avista will assess all of these risks as standard providing the most in depth analysis available. But what makes Avista even more useful is it provides you with clear next steps and recommendations and what to do next about any associated risks - all described in a homebuyer friendly way, and all presented with a clear layout and navigation. The images below show how Avista will show you everything you need to know about mining risk without the need to buy additional mining reports with areas of mining risk highlighted in teal..
More about why Avista works harder for your transactions
The report uses Groundsure's National Brownfield Risk Model (NBRM), (find out more at www.groundsure.com/nbrm) and the Groundsure National Mining And Stability Risk Model (find out more at www.groundsure.com/nmsrm). Combining this with the Groundsure IQ - a unique tool combining in-depth data, algorithms, AI, and expert analysis - means that over 110 million data points are analysed in order to produce every single Avista report:
- Every piece of data is intelligently filtered and assessed
- Only relevant results are returned
- Clear identification of risks with simple next steps
- Efficient case management
With the new Groundsure Avista you will have all the information your client needs to make the best decisions. Make sure you speak to your preferred search provider and ask them about Groundsure Avista.