From 1st July the Council of Mortgage Lenders is integrated into a new trade association, UK Finance. For the time being, all UKF mortgage information will continue to be published on this website, and UKF member-only mortgage information will only be available here.

UK Finance represents around 300 firms in the UK providing credit, banking, markets and payment-related services. The new organisation takes on most of the activities previously carried out by the Asset Based Finance Association, the British Bankers’ Association, the Council of Mortgage Lenders, Financial Fraud Action UK, Payments UK and the UK Cards Association. Please go to for wider content and updates from UK Finance.

In some areas of the country, there are numerous old mineshafts. Most do not cause problems for properties nearby, but there is a risk that they could potentially affect the structural stability of a property either now or in the future. While a record of the location of many coal mine shafts is maintained on a register by the Coal Authority, other types of mine shaft are not fully documented, so in areas of risk, lenders may require additional reports before deciding whether to lend.

Properties near old coal mines in England, Scotland and Wales (not Northern Ireland) are generally subject to a certain degree of reassurance, because the Coal Authority has a duty to cover the cost of putting right any subsidence to a property caused by proximity to a mineshaft. You can find out more about this at the Coal Authority website. This does not apply to any type of mine other than coal.

If you are hoping to buy a property that you believe may be close to a mine shaft, you should ensure that your conveyancer undertakes relevant searches and advises you on any risks.