Sunday, 2 February 2014

Fracking, Insurance and Ancient Rights

Whatever you do they get your money! Across the UK land-owners are registering their ancient rights to extract minerals from under your house, even if they are no longer the free-holder. They do not need to tell you if they do intend to exercise those rights, as Nick Boles MP, our planning supremo has ruled that there is no need for Planning Authorities to inform people if a holder of a Fracking Licence wishes to extract gas from underneath you. Now I hear that lawyers are advising house buyers to insure against fracking, especially if the Lord of the Manor has exercised his/her ancient rights. Yet these self same people are also quite often also 'Lloyds Names' who profit from these insurance policies.
Neat trick - register your ancient mineral rights and make money from fracking - but if you don't you sell people insurance policies in case you do and still make money.



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