Terrafirma Official CON29M
Terrafirma was the first commercial organisation to be licensed by The Law Society as a Report Producer of the official CON29M Report.
The Terrafirma CON29M Report provides expert interpreted answers to all 11 questions (14 for commercial properties) using Coal Authority licensed data and meets all the requirements as stipulated by the new Law Society CON29M (2018) guidance.
What is the CON29M?
Mining reports provide information on past, present and future underground and surface coal mining activity for any individual property or site in England and Wales. The CON29M is a legal form that provides reports on coal mining information for conveyancing. This is requested by solicitors on behalf of their clients as part of the conveyancing searches carried out when property or land is purchased in a coal mining or past coal mining area.
More data and interpretation at no extra cost
The official Terrafirma CON29M (2018) automatically includes additional data and interpretation at no extra cost, resulting in a dramatic reduction in the number of delayed transactions, with a pass rate of 98.5%.
The official Terrafirma CON29M offers many improvements including better data processes, risk screening and assessment which all help to ensure a prospective purchaser will have a better understanding of what coal mining risks face their property. This will eliminate the requirement for a solicitor to report on a liability they may not have detailed knowledge of and reduce the amount of time a solicitor spends reporting back to the client or the lender.
Read the Law Society Press Release by clicking here: