Indemnity insurance for dormer

J_S_H

Hi there,

I'm after a bit of advice please.

We are in the process of selling our house and have an agreed completion date. The buyer had a survey done around 4 weeks ago which highlighted a few issues (as I'm sure all surveys do!), they tried to get us to pay to rectify some of them but we have refused as the price of the house reflects the current state of the house and they seemed to be ok with that.

They have now asked us to provide indemnity insurance for some building work that was done prior to us buying the house as we don't have building regs for the work. I believe the work was carried out over 20 years ago.

What would you do? Pay for the insurance or refuse as it is quite late in the process to be picking up on these kind of things.

Thanks in advance

eddddy

It will only be a few pounds (and serve no purpose - just money straight into the insurers pocket), so it's probably not worth arguing about.

You can get an indicative online quote here: http://www.gcs-title.co.uk/instant-issue/quick-quote-online/

(I don't know that company, and I'm definitely not recommending them, it's just handy that they do online quotes for this type of insurance.)

J_S_H

Thanks for the reply Eddddy.

I hadn't realised it would be so cheap, I was thinking it would be over £100. In that case I will just pay it and be done with it rather than risk upsetting the buyer.

Thanks again

HouseBuyer77

I'd also point out that even if it is late in the process they may only have become aware of the lack of building regs via the searches, the survey doesn't check for these things. So it's not like they've known for ages and been sitting on it as a last minute negotiation tactic.

Rollinghills

It's a buyer's responsibility to ensure all paperwork is correct. If you didn't last time it is only fair you pay it now. We have a similar issue and are insisting vendor pays for the insurance.

J_S_H

All valid points, thanks for the input