We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Chancel Repair Liability
samuellucas
Posts: 6 Forumite
Who pays for the indemnity insurance for chancel repair liability - the vendor or the purchaser?
0
Comments
-
whoever blinks first!
Okay that was a bit flippant, but it really does depend on who has the most to lose. There's no hard and fast rule."Science is a wonderful thing if one does not have to earn one's living at it" Einstein 19510 -
The buyer. I bought 2 houses last year and took Chancel Liability Insurance on both, £25 with successor rights, £14 without. Hardly anything to quibble over.0
-
whoever blinks first!
Okay that was a bit flippant, but it really does depend on who has the most to lose. There's no hard and fast rule.
I agree in practice.
In theory if there is any potentially adverse legal matter relating to a property the seller should deal with it.
So when I did Chancelcheck Searches and they came back with a potential liability I would ask the seller's solicitors and very often they would refuse to pay for them. So I would go back to my client and essentially say that the seller should pay but the cost was only around £60 and did they really want to waste a week or two arguing about it?
(I don't do the searches now but routinely insure and clients don't begrudge £10-£15 for this.)RICHARD WEBSTER
As a retired conveyancing solicitor I believe the information given in the post to be useful assuming any properties concerned are in England/Wales but I accept no liability for it.0 -
Grateful for your comments. Thx.0
-
Quote:
Originally Posted by flora48
The buyer. I bought 2 houses last year and took Chancel Liability Insurance on both, £25 with successor rights, £14 without. Hardly anything to quibble over.
can you provide a link to the company you took this insurance out with please?
Normally this is organised by solicitors as it is a specialist kind of policy, and insurers would be plagued with lots of extra admin and queries if they dealt with the general public so I doubt if there will be a direct link to the insurer.RICHARD WEBSTER
As a retired conveyancing solicitor I believe the information given in the post to be useful assuming any properties concerned are in England/Wales but I accept no liability for it.0 -
I recently purchased a house and we got our chancel repair insurance direct from a company called CLS rather than going through our solicitor - it is called ChancelSure. I believe you can also do it over the phone and when I spoke to them they were very helpful!0
-
looked at Chancelsure, policies starting at £45.88, not the £25 quoted above?? Where can I get the £25 policy? I've had enough of all these insurance requirements!0
-
Before we decided to do it ourselves, my solicitor had a look round for me and this was the cheapest we could get it. Don't forget it depends on the size of your property and how many years you want to be covered for. It may say '£25' but this is probably dependent on your requirements.0
-
Just to clarify my previous post, the 2 policies I took out last year were via my solicitor. I was most surprised when she told me to ignore the prices on the leaflet that came back with the searches and that she dealt with an insurer who sold indemnity policies at the prices I quoted before. I will check the company when I am back home at the weekend if still required.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.3K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.2K Work, Benefits & Business
- 603.9K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards