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Any contractor undertaking work like this should be covered by a professional indemnity policy. Details of this will be passed on as part of the conveyancing process. Your solicitor should be able to reassure you with regards to this, and will help you negotiate a suitable amount off the asking price if it cannot be provided or tell you when to walk away (assuming you have a good, proactive solicitor).
Bobbo
The property I have offered on was underpinned in 2005.
I have viewed the repair certificate after the insurance claim, and it doesnt mention that there was any damage to the foundations, or any repair work either. It says there was some work done to scrape out mortar and replace with a resin of some kind and this job seemed to be quite extensive. The total cost of the repair was £25,000 in 2005!!
The survey I have booked is not going to happen for another week and a half and this has gotten me worried. What does it mean for owning the house? Insurance goes up presumably? Is it possible to insure the house? Do you have to declare previous historical underpinning when getting buildings insurance? Is there a 'statute of limitations' kind of time scale on this sort of declaration?
A builder friend has viewed it in person already and did not note anything looking out of place. No cracks or the like.