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Residential product update
Residential product update

Residential product update

We’re pleased to let you know that we have just added three new residential reports to the Geodesys product range to enhance our offering on:

  1. Subsidence
  2. Environmental searches

The reports are available on the Geodesys website NOW. Please read on for further details.

1.  Subsidence

Subsidence is a risk that is often ignored when it comes to buying a property but, in fact, there are typically more insurance claims for subsidence each year than for flooding.  We’re introducing two really useful reports that, for relatively little cost, will ensure you’re giving your clients the best advice on this particular issue.

Report

When to use it

Price (inc VAT)

Subsidence Risk Rating - Postcode

The Search Alert tool on the Geodesys website will indicate to you whether a residential property is in an area prone to subsidence insurance claims. 

If this is the case the Subsidence Risk Rating should be used to determine the level of risk (low, medium, high or very high).  The assessment of this risk is based on insurance claims data at specific postcode level.

The Subsidence Risk Rating is a useful first step to advising homebuyers and includes guidance on what further investigation should be taken, as well as giving you access to a technical helpline.  It also comes with a £2 million professional indemnity insurance.

         £18.00

Homecheck Professional Ground Stability

The Ground Stability report provides you with a wider subsidence picture with which to advise your clients.  It covers all mineral mining in the UK, providing screening of both natural and man-made ground stability hazards.

Details include previous use of land for mining and mineral extraction, as well as information on man-made hazards (eg infilled land, boreholes) and natural risks (eg shrinking clay, running sand).

The search also incorporates an expert review and a specialist subsidence helpline is available.  The report comes with £10 million professional indemnity insurance.

         £24.00

 
2. An environmental report for larger properties

Report

When to use it

Price (inc VAT)

SiteSolutions Residence

If you’re dealing with a property with over 0.5 acres (0.2 hectares) of land or valued at over £0.5m, SiteSolutions provides screening on three key risks.  By covering contaminated land, flood and subsidence risk, it’s more cost effective than ordering separate reports.

The report comes with £10 million indemnity cover and you have direct access to the consultant who dealt with the search for any follow-up queries.

< 2 hectares:           £118.80
2.0001 - 5 ha:          £150.00
5.0001 - 10 ha:        £180.00
>10 ha:                         POA

 


If you would like any more information on these three products or on the Search Alert tool on the Geodesys website, please call our Customer Services Team on 0800 085 8050.

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