Seller doesn't have planning permission documents

Rusty_Shackleton

Our vendors don't have various bits of paperwork, including for an extension. Firstly as pointed out above, the indemnity policies cost peanuts (our vendors paid £32 all in).

Most importantly, if you're getting a mortgage, your lender will insist on an indemnity policy. The vendors can either suck it up or lose you as a buyer and try to find a full-cash buyer who's willing to overlook their lack of paperwork, and their ridiculous attitude!

RE: the 'to insure' against, I'm not sure that's right. It's a 'building regulation indemnity policy', the vendor are insuring against problems with building regulations, not a specific extension. The paperwork our vendors were sent (admittedly I've only seen a summary) would suggest it's a very light touch product, barely any detail of substance.

societys_child

RE: the 'to insure' against, I'm not sure that's right. It's a 'building regulation indemnity policy', the vendor are insuring against problems with building regulations

Exactly, but from what's been posted, there appears to be no breach, ie no extension.

Rusty_Shackleton

societys_child wrote: »

Exactly, but from what's been posted, there appears to be no breach, ie no extension.

oh I agree it's stupid, but when selling something for 6 figures, I can't believe anyone is worrying about £30 quid - especially when the policy might be needed for other things too. Our vendors are covering their a*** for lack of FENSA cert and a minor electrical issue. It wouldn't do the vendors any harm to just grease the wheels!

ReadingTim

Rusty_Shackleton wrote: »

oh I agree it's stupid, but when selling something for 6 figures, I can't believe anyone is worrying about £30 quid - especially when the policy might be needed for other things too. Our vendors are covering their a*** for lack of FENSA cert and a minor electrical issue. It wouldn't do the vendors any harm to just grease the wheels!

Thing is, you can say exactly the same in respect of the buyers. If it's such a small and insubstantial sum, why's it so important that someone else pays it?

Rusty_Shackleton

ReadingTim wrote: »

Thing is, you can say exactly the same in respect of the buyers. If it's such a small and insubstantial sum, why's it so important that someone else pays it?

Well the vendors are the only ones who can take out an indemnity policy for themselves, surely? You generally can't insure somebody else! Which puts it down to, if they've got to take out the policy, passing along a £30 bill is petty.

If this had come up with our vendors, I'd have just (begrudgingly) paid it, because I love the house I'm buying. But I'd be extremely cautious of buying from anyone with such a petty attitude over something that is clearly their responsibility as the seller.

Surrey_EA

Rusty_Shackleton wrote: »

Well the vendors are the only ones who can take out an indemnity policy for themselves, surely? You generally can't insure somebody else! Which puts it down to, if they've got to take out the policy, passing along a £30 bill is petty.

The vendors wouldn't be taking a policy out for the benefit of themselves, they'd be taking it out for the benefit of the purchaser.

At the risk of going even further off on a tangent, I'm personally of the opinion that the increasing requirement for indemnity policies, which seem to affect nearly every sale these day, is a massive con. They exist almost exclusively to satisfy the mortgage lender, and all parties involved know the chance of claiming on one of these policies is virtually zero. It wouldn't surprise me if most of the insurance companies providing these policies were owned by some of the large mortgage lenders.

ReadingTim

Rusty_Shackleton wrote: »

But I'd be extremely cautious of buying from anyone with such a petty attitude over something that is clearly their responsibility as the seller.

It is neither clear, nor is the responsibility, of the seller to do anything of the sort.

Furthermore, it's equally valid to be extremely cautious of selling to anyone with such a petty attitude over something that is clearly to the benefit to them and them alone.

Sounds like you, and the OP, blinked first.