due diligence

The Impact of Coal Mining

Explore the legacy the UK's once great coal mining industry has left on property and land in Terrafirma's new Infographic. With almost a third of all buildings in the UK underlain by coal mines, over 9000 recorded hazards and a new mining subsidence claim made every week of the year…

Introducing: The Ground Report

Terrafirma, an expert provider of environmental information and data intelligence, today launched the Ground Report, a risk and liabilities report designed to enable property professionals to better identify, manage and resolve ground and environmental hazards…

Terrafirma CEO on Rip Off Britain: Live

Terrafirma CEO Discusses Lender Policy on Mine Entries.

http://www.bbc.co.uk/programmes/b09bcsrc

Earlier today, Terrafirma's CEO and Founder, Tom Backhouse featured on the new series of the Rip Off Britain: Live Series on BBC One. Tom was invited on to offer advice to a frustrated home-owner who has fallen victim to her property being located close to an historical coal mine shaft, making it impossible to sell.

The property has seen its market value drop by £61,000 and despite being up for sale multiple times, it remained unsold earlier this year at a property auction in the West Midlands. 

Protect Property with a Professional Opinion.

The age of solely relying on data in environmental risk assessment is over, with a visible shift in the way professionals perceive risks such as contaminated land and flood. Where historically data alone was enough to accept due diligence, now both a professional opinion and interpretative data modelling is a standard in assessing and managing these environmental hazards. 

However, despite the significant annual financial expenditure (between 4 and 15% of all Buildings Insurance Claims in the past 5 years were attributed to subsidence) and the increasing visibility of the ‘Sinkhole’ phenomena, this shift in due diligence process has not been replicated in assessing the risks the ground pose. 

 

Sinkhole caused by collapsed Chalk Mine at Pinner Wood School, Harrow, Greater London

A large sinkhole opened in the car park of Pinner Wood School, Harrow, forcing its immediate temporary closure. Geotechnical surveys and site investigations have been commissioned to determine the cause of the collapse and assess the stability of the land.

Sinkhole Appears as Mine Shaft Collapses in Scorrier, Cornwall

On the 14th March 2016, a 90 metre (300ft) deep mine shaft opened destroying the patio and a garage within a bungalow in Scorrier, near Redruth, Cornwall. Fortunately, the £200,000 property was unoccupied. The previously unrecorded 18th Century tin mine shaft opened during a mining investigation of the property during the mortage lending process.