Building Regulations!!! Indemnity Policy!!

coco123_3

Hello,

As you can imagine I have been thinking this through all weekend and have thought of another problem.....

If we get the survey done and it say's we need to strengthen the floor and will cost xxxx thousand. If we then get this money off the vendor to have the work done.

When the joiner comes in and removes all the floor boards and strengthens the floor joists – will he get the builing reg officer to come and issue a certificate for just the floor? But when the building reg guy comes in and sees that the rest of the loft is not to standard (i.e. fire escape) surely he can’t just ignore this? Will we then invalidate our indemnity insurance? Will he make us bring the loft up to building regs? Or is it possible to request that the certificate is just for the floor strength??

Advice would be greatly appreciated!! I am tearing my hair out with this one!!

coco123_3

coco123 wrote: »

Seven-day-weekend - if all goes well we'll use the room as a bedroom. It's got smoke detectors and I was thinking of getting one of those metal chain ladder things to keep in the cupboard. But thanks for the concern.

Richard - thank you so much! I wish you were my solicitor. Any ideas on how i can get mine to be a bit more proactive - he ignored another email today.

Also, just one more question..... we're FTB and don't have a deposit. I asked (yes I had to ask) our solicitor on how we would exchange as we don't have a deposit. He said that we could exchange and complete on the same day or find a token deposit. I phoned Northern Rock to see whether there was another option and they said that it is possible to release funds early but we would have to waive the right to cancel on the unsecured loan bit. They were cagy about advising me to do this as they are not financial advisers and said that the solicitor would have to get in touch with them. I then spoke to my solicitor and he just fobbed me off saying that this wasn’t a good option – he didn’t really give a good reason why. Do you have an opinion on this? Why would it be a bad idea – it seemed a good option to me. Oh I wish I had a good solicitor!!!!!!

Hello, I have been in touch with the vedors this morning and I get the impression that our solicitor hasn't even told them about us not having a deposit!!! Anyone else considered releasing funds early from the lender? Surely we're not the first people in the world not to have a deposit - how did you get round it?

sonia7860

Dear all,

I need help. I am buying a house and my solicitor’s have asked me to take out indemnity insurance because the seller dont have building reg certificate for removing the wall between kitchen and dinner. The seller also converted the shed on side into utility room.

1) - I don’t mind taking out the insurance (obviously) at seller’s expense but I am thinking there is no point taking it out as I am looking to move kitchen into utility room and use kitchen/dinner as living space. So I get the entire work certificated at once. But not sure if I need to obtain building reg certificate for work done before then I can go ahead and do next bit or I can get done everything in once. Can some one explain to me how this works?

above is not something I am looking to do straight away so I am thinking at least it will cover me till I start the work and its not expensive.

2) - However my solicitor also suggested that I can insist the seller to get local authority in and obtain the certificate which will mean I can not take out insurance, if they do.

So I am stuck. I am also thinking I insist that they get local authority in and try to obtain the certificate if they get some one in and the certificate is not obtained and there are remedy work required at least I know what I am getting myself into.

Or just make the process easier for seller and tell them to get me insurance and compensate me as price reduction for risk I am taking.

Can some one please advice me? I am 1st time buyer.

All this thinking is making my head hurt. I am so close to exchange. It will be shame that I will lose out on all the money I paid out for mortgage fees and etc.