Episode 2 – Coal Mining
Tue, 8 September 2020
11:00 – 11:30 BST
Britain’s coal mining legacy is a well-recognised risk in property and land transactions and for good reason, given around 29% of UK properties are built on the coalfield. [1] The Coal Mining Subsidence Act 1991, as amended by the Coal Industry Act 1994 provided rights for owners of property damaged by coal mining subsidence to make a claim. Despite this, high street mortgage lenders have become increasingly risk-averse to lending properties in close proximity to coal mine entries [2] in recent years.
In this 20-minute episode, geologist Tim Longden adds a little context to today’s coal mining risk, discusses why out of all the ground hazards, risk to property from coal mining is perhaps the most well appreciated and leave you with a sense of how coal mining hazards continue to impact property transactions in the UK.
About the presenter
Tim Longden joined Terrafirma while completing his Master’s degree in Geology at the University of Bristol. Now occupying the role of account manager, Tim strives to create and maintain excellent client relationships, while also continuing to raise awareness surrounding both natural and man-made ground hazards to help change the way we perceive and act upon environmental and ground risks.