Undertaking searches as a cash buyer
Cash purchasers don't need searches for their protection, but lenders require them to safeguard the investment. We always recommend four main types of searches when working with our clients – each can help you uncover potential issues and maximise your financial security.
Investing in these searches will go a long way toward ensuring successful transactions now, and into the future.
Local search
To ensure your property is up to code, undertaking a local search with the relevant Local Authority will provide important details. This includes uncovering if planning permissions or building regulations have been put in place for any alterations onsite and confirming that all roads serving the location are publicly maintained.
Drainage search
Working in partnership with the Water Authority, our drainage search aims to provide you peace of mind by confirming your property's necessary sewers are maintained and connected. Additionally, we will investigate if any public sewer lies within the confines of the premises - a factor which could significantly impact future planning for development.
Coal search
Are you interested in understanding the history of mining activity surrounding your property? A Coal Search can help shine a light on any past or present risks associated with subsidence, as well as provide insight into potential claims. By partnering with the Coal Authority and conducting an extensive search, we will be able to comprehensively assess whether your area has experienced issues related to coal extraction.
Environmental search
Risk management consultancies are conducting Environmental Searches to assess and manage the level of contamination associated with a property, as well as determine its susceptibility to flooding. Further investigation may be warranted depending on the findings.
Buying with cash means you're well on your way to real estate success - but don't let this strong position be compromised by skipping crucial searches. Despite taking a minor hit of a few hundred pounds, investing in these investigations will save you thousands more through avoiding costly surprises down the road.