If you have not already done so check if your property is in a radon Affected Area by searching on www.ukradon.org.
If you have tested your property, find the results. It’s likely that the prospective new owner will have been advised to check radon levels with you.
If you are in a radon Affected Area the purchaser or their solicitor may well ask about ‘retention’.
This is a sum of money held back from the sale to help with remedial costs. Although typical remediation costs tend to come out at around £1000 the retention value could amount to £2000 or more depending on radon levels.
The money is initially held by one of the solicitors for a period of six months, to allow time for new owners to move in and undertake the three month test, analysis and receipt of the report. If the result is below the Action Level, the money goes to the seller. If the result is higher, the money pays for remedial works and a timescale is agreed to allow for the works and a further test. Any surplus money is returned to the seller.
Positive pressure system cuts radon levels by 89%
High radon levels in a two bedroom house in Cornwall have been reduced to safe levels by installing a positive pressure system costing less than £600.00.
