Terrafirma Ground product update  

From 1st October, Terrafirma have made further updates to their Ground report with the following additions for both the residential and commercial report.  

  • Improved clay-subsidence risk assessment, including future climate change scenarios. 
  • The addition of a comprehensive clay subsidence module, using advanced modelling to portray potential zones of influence from nearby trees. 
  • Terrafirma's unique sinkhole alert forms part of the front page location map, providing up-front information on recorded collapses near to the property. 
  • A revised Natural Ground Perils module which identifies the likely risks from slope movement as well as any mapped landslide areas which may affect the property. 

Including expert professional opinion, risk assessment and risk transfer, the Ground Report uses data-driven technology solutions to model and intelligently analyse the potential impact of all man-made and natural ground perils on property and land purchases, mortgage lending and development activity. 

Using the unique UserKey, the Ground Report translates the risk from all mining activity, subsidence, sinkholes, radon, fracking, mineral planning activity and many more ground perils to enable property purchasers and property professionals alike to better understand the ground.  

Furthermore, in an industry first, the Ground Report includes expert evidence-based modelling, not only assessing the risk of a potential hazard, but intelligently analysing a 'proof of movement' database, that includes over 120,000 investigated subsidence claims and almost 10,000 sinkholes.  

Benefits of the Terrafirma Ground Report  

  • 100% of the risk of reporting on mining and natural ground perils is transferred to Terrafirma
  • Dynamic and colour-coded next steps based on a site and property specific risk assessment 
  • Includes an integrated official CON29M at no extra cost, satisfying The Law Society's 2018 CON29M guidance notes and includes Coal and Cheshire Brine Search Insurance up to £100,000 
  • Expert risk assessment and analysis included on all ground risks, translated into clear, reliable and practical advice to any potential impact on completion, value, use or enjoyment 
  • Professional Indemnity protection up to £10 million per report 
  • New technologies and data modelling has increased the pass rate to over 97% 
  • Terrafirma's unique SinkholeALERT database containing over 9,000 ground collapse and an investigated subsidence claim database containing over 120,000 claims 
  • Traffic light system and legend, highlighting key actions for conveyancers, lender and purchaser 

View Terrafirma Ground for more information and to view the product card.

If you have any questions please do not hesitate to contact our team on 01225 526 206 or email us at contactus@wessexsearches.co.uk . Alternatively, if you would like further training for you and your team on any Terrafirma reports, contact us and we can arrange this bespoke to your needs for an in-house session. 

Date
2019-10-01 

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