House Purchase Extensions 30 years old no paper work won't provide Indem Insurance

[ELBBUBKUNPS]

You should receive the policy documentation before you exchange contracts, since it forms a fundamental addendum, or even be part of the contract itself. Solicitor who is used to getting his para legals do his work for him, or just a crap one.

Thanks I'm guessing my solicitor is cr*p, time to start chasing them.

[Scruff]

You should receive the policy documentation before you exchange contracts, since it forms a fundamental addendum, or even be part of the contract itself. Solicitor who is used to getting his para legals do his work for him, or just a crap one.

[ELBBUBKUNPS]

Just been in the same position. We ended up paying £200 for an indemnity policy when the sellors wouldn't cough up. If you want the property it's the easiest way to progress. We had negotiated a good purchase price so I was happy to keep things moving forward.

Did you ever see the policy paperwork out of interest ? I paid for mine but looking at the bill I was charged £450 for the policy, I've asked anumber of times my solicitor to see the policy doc but they are not responding now feckers

[Archangel]

Thanks for replies, I didnt know I could buy the insurance myself or offer the vendor the £ for it, tbh I'm that far into now to care so will pay it.

Only thing I can't get over is how much coms I will be paying the agent, even at 1% it makes me sick how much they will get for doing so little.

I sold mine via an online agent £800 ish all in, saved 5k plus vat

[ZARDOZ]

If the vendor will not pay I would walk. It's their duty to provide the paperwork or insurance. If they are that tight you are likely to have more issues

[centurian]

Last year, I pulled out for a similar reason - they simply wouldn't budge. Actually I had gone off the property anyway, but this was the excuse I gave, which they neatly offered on a plate, giftwrapped with a bow and cherry on top

They had to re-advertise - they eventually sold for £2,500 less - all for quibbling £100.

I think at the time they thought the market was still booming, so would get swamped with offers - whereas it was just as the market hit the peak.

[OwlHoot]

Trying to buy a new place getting to final hurdles now, one of them is the house had 2 extensions in late 60's-70's there is no paperwork, building regs, etc for them, one of the extensions would just come under current 'permitted dev', the other probably would need permission.

My solicitor has asked for 'Indemity Insurance' to cover the lack of paperwork for the extensions I thought this non an issue a couple of hundred quid for the seller however the sellers solicitor saying no they won't provide it as 'a waste of £ as the extensions been there that long the council cannot do anything'. I kind of see there point and I also see my solicitors point of view, these extensions I would be knocking down anyway in the future and one would come under permitted dev, in the same situation would you push for the insurance or ask you solicitor to proceeed (though my solicitor is being a bit of an ar*e about it though I hear from agents he is a bit of an arse ... looking out for me) ?

It depends on whether or not you require a mortgage.

If so then your solicitor, or the mortgagee's if different, has a duty of care to them.

Otherwise you can just instruct your solicitor to take a view, in other words disregard this precaution and press on.

[ELBBUBKUNPS]

Thanks for replies, I didnt know I could buy the insurance myself or offer the vendor the £ for it, tbh I'm that far into now to care so will pay it.

Only thing I can't get over is how much coms I will be paying the agent, even at 1% it makes me sick how much they will get for doing so little.

[OrangeSquash]

Just been in the same position. We ended up paying £200 for an indemnity policy when the sellors wouldn't cough up. If you want the property it's the easiest way to progress. We had negotiated a good purchase price so I was happy to keep things moving forward.

[SimonMac]

Who is the solicitor working for? Is the insurance to cover his are or yours? If yours just say you will sign a wavier saying its not needed

[rd409]

How interested are you? You may offer the seller(the tight a*se) the indemnity insurance fees, to clear this hurdle, if it is just a matter of few hundred quids.

HTH.
Dave

[ELBBUBKUNPS]

Trying to buy a new place getting to final hurdles now, one of them is the house had 2 extensions in late 60's-70's there is no paperwork, building regs, etc for them, one of the extensions would just come under current 'permitted dev', the other probably would need permission.

My solicitor has asked for 'Indemity Insurance' to cover the lack of paperwork for the extensions I thought this non an issue a couple of hundred quid for the seller however the sellers solicitor saying no they won't provide it as 'a waste of £ as the extensions been there that long the council cannot do anything'. I kind of see there point and I also see my solicitors point of view, these extensions I would be knocking down anyway in the future and one would come under permitted dev, in the same situation would you push for the insurance or ask you solicitor to proceeed (though my solicitor is being a bit of an ar*e about it though I hear from agents he is a bit of an arse ... looking out for me) ?