We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 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!
Transfer of equity - indemnity policy?
Options
realfun
Posts: 32 Forumite
In the middle of tranfer of equity with a solicitor , part of the legal paperwork is to deal with land registry and to perform searches.
My solicitor called me up the other day and said the searches will cost 200pounds more on top of the 360pounds I payed him already. He said alternatively you can pay 106 for an indemnity policy which will cover you for any future action from the local authority.
The funny thing we appointed the same solicitor when we bought the house few years back and searches was carried out and all we doing now is removing one name of the joint mortgage.
So my question is the indemnity policy a safe alternative
Your thoughts....
My solicitor called me up the other day and said the searches will cost 200pounds more on top of the 360pounds I payed him already. He said alternatively you can pay 106 for an indemnity policy which will cover you for any future action from the local authority.
The funny thing we appointed the same solicitor when we bought the house few years back and searches was carried out and all we doing now is removing one name of the joint mortgage.
So my question is the indemnity policy a safe alternative
Your thoughts....
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.9K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.9K Work, Benefits & Business
- 598.8K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards