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Would you exchange without these documents?

MarcusAurelius
MarcusAurelius Posts: 116 Forumite
edited 15 December 2013 at 4:08PM in House buying, renting & selling
Hi, the vendors will not be supplying the following:

- Head Lease
- NHBC certificate
- Possessory Title
- Boiler service certificate
- Indemnity insurance

The environmental search has failed.

Which documents are necessary for the exchange to take place?

Comments

  • ACG
    ACG Posts: 24,762 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    Are you a cash buyer?

    If you need a mortgage, your not going to be able to get the mortgage without some of those. Your solicitor will probably be advising against it - and i would listen to them.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • katejo
    katejo Posts: 4,331 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    MarcusAurelius wrote: »
    Hi, the vendors will not be supplying the following:

    - Head Lease
    - NHBC certificate
    - Possessory Title
    - Boiler service certificate
    - Indemnity insurance

    The environmental search has failed.

    Which documents are necessary for the exchange to take place?

    Have they given a reason for non supply? I wouldn't proceed myself. How/why has the environmental search failed? If you do pull out, surely the vendor will have the same problems with any other buyer?
  • MarcusAurelius
    MarcusAurelius Posts: 116 Forumite
    ACG wrote: »
    Are you a cash buyer?

    If you need a mortgage, your not going to be able to get the mortgage without some of those. Your solicitor will probably be advising against it - and i would listen to them.

    The solicitor is happy to go ahead with the exchange without the documents.

    I don't understand why I have to fork out for a bunch of indemnity insurance policies.
  • ACG
    ACG Posts: 24,762 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    You dont have to, but then you cant get the house.

    Im surprised the lender will let it complete and im very surprised your solicitor has no issues.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • BitterAndTwisted
    BitterAndTwisted Posts: 22,492 Forumite
    10,000 Posts Combo Breaker
    I wouldn't touch this property with someone else's bargepole! Most especially because of the lack of head lease and possessory title. I don't understand why the solicitor would be happy to progress without these.
  • ging84
    ging84 Posts: 912 Forumite
    Part of the Furniture Combo Breaker
    i was under the impression that compulsory land registration makes issues missing titles something from the past, yet an NHBC certificate last for 10 years, and they've not been around for much longer than that, so for one to have ever been present the it must have been built after compulsory registration
  • G_M
    G_M Posts: 51,977 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    MarcusAurelius wrote: »
    Hi, the vendors will not be supplying the following:

    - Head Lease NO
    - NHBC certificate MAYBE
    - Possessory Title NO
    - Boiler service certificate YES, if I'd had it inspected or planned to replace it
    - Indemnity insurance Depends what theinsurance isfor!

    The environmental search has failed. In what way?

    Which documents are necessary for the exchange to take place?

    None are necessary unless you are getting a mortgage and the lender insists. Some/all are advisable.
  • FR_262
    FR_262 Posts: 155 Forumite
    Ging - not all property is registered. I know of 3 in my town that aren't on the land registry.
  • Guest101
    Guest101 Posts: 15,764 Forumite
    FR_262 wrote: »
    Ging - not all property is registered. I know of 3 in my town that aren't on the land registry.

    That's to do with change of ownership, and when it last happened. this sounds like a recent build
This discussion has been closed.
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