Anyone who subscribes to the old saying 'your health is your wealth' will shiver at the thought of risking both through buying a home on contaminated land. It's a headline-hitting issue whose profile has grown in importance over the years, in tandem with increasing public environmental awareness and tighter government regulation. As a property investor, health fears aside, there numerous legal and financial reasons why you should familiarise yourself with the issues surrounding contaminated land.
Your Investment Property investigates what to do if you find your property is in a contaminated area, how to avoid such areas and who's liable for cleaning up the mess.
Whether you are looking to buy your first home, move home, refinance, or invest in property, a mortgage broker can help. Access loans from all the major lenders, get help with paperwork – plus there is no charge for this service. Get help from a local mortgage broker