Free Webinar *** Subsidence Risk in Property Transactions

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Fees: Free

Webinar Link: To Follow

Subsidence Risk in Property Transactions

Around 6.9 million – 1 in 5 properties in the UK are at risk of subsidence with 20-25,000 subsidence claims made against insurers in an average year. Subsidence can be triggered in different ways but ultimately all can have a major impact on the use and enjoyment of the property as well as its value.

This session will provide conveyancers with an overview of subsidence risk and how subsidence is caused, liabilities, insurances and how delegates can advise their client of the potential risks and steps to take to manage and mitigate the risk.

Programme content:

  • What is and isn’t subsidence is –not all cracks on a property are subsidence.
  • Subsidence in the UK. Is it a problem for a conveyancer/client today. What are the future risks of subsidence?
  • Liabilities and the approach of lenders and insurers
  • Risk assessment measures, and what to do if a risk is discovered. What if it is not done?
  • Case Studies
  • Steps that can be taken to reduce those risks
  • Subsidence risk search report information

Web Links:

http://birminghamlawsociety.co.uk/cpdcalendar?task=view_event&event_id=114

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