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The buyer is worried about the comments the surveyor made. Is this dangerous and should it be removed? What would be the best course of action for me to take?
I have attached a photo.
Hard to see but is that the cable to the company fuse in the meter box above ? Can you show the termination ?
If so the cable is likely served with tar impregnated hemp or jute, and it is not yours anyway , it belongs to the local Network Operator, though they will not care if the cloth is peeled off or the cable is boxed in
If it is a water pipe however it may be lagged in something nasty and look much the same.
When was the place built , that may also influence the decision.
An area of the house that contained asbestos had it "encapsulated". Upon investigation I discovered that a wall had just been painted over to keep the asbestos tightly trapped.
You could do the same. Nobody is likely to drill or saw the electrical cable.
There is no legal obligation on you to remove it if is asbestos, and testing it is a pain as most surveying companies will not touch that cable due to it being live and also not the homeowners property.
Unfortanaulty a lot of building surveyors presume asbestos in everything these days leaving you with a report like this which just slows down a house sale for no reasonable reason.