Chancel Repair Liability Insurance

p_aulace1

I was in the process of buying a home but when my solicitor passed the results of the searches the mortgage company called me and said they could not provide me with a mortgage because of a had a Chancel Repair Liability. My solicitor has already purchased Chancel Repair Liability Insurance to cover any future problems but yet the mortgage company will not give me a mortgage.

i have also rung around and first direct and royal bank of scotland have alreay said the same when i have mentioned Chancel Repair Liability or Chancel Repair Liability Insurance. Has anyone else run into these problems? who did you go with in the end? PLEASE HELP!

Robert_Sterling_3

I was told there was a "Chancel Repair Liability" on a house in Hampshire.

I learned that there are "Chancel Repair Liabilities" all over the country.

You can insure against being required to pay.

The insurance is not very expensive. About £150 I think in my case.

RichyRich

Yes, this is an archaic law whereby a local church can levy a charge on a property owner for repairs to the chancel.

Why a mortgage lender would refuse to lend is beyond me. Try getting in touch with a mortgage broker who would have a better idea of who will/won't lend under these circumstances in order to arrange a mortgage for your chosen property.

p_aulace1

results are in and a warning to all.

do not go with principality building society. they do not support chancel repair liabilities in any way. with insurance or not.

i have now lost my valuation money and 8 weeks of my life waiting for the mortgage to be organised. i am now going with another company and paying for another valuation.

i cant warn people enough about this building society plus their customer service was absolutely rubbish. their rates may look good but there is a price to pay.

Robert_Sterling_3

At first sight it looks as if you have been hard done by.

VKay

I have to pay this insurance too! God knows why (no pun intended!). I can't see a church nearby!!

My solicitor hasn't warned me that it could affect my mortgage application. Is that common?

Robert_Sterling_3

It is common.

VKay

is the insurance a one off payment?