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Indemnity insurance loft conversion

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Indemnity insurance loft conversion

edited 30 November -1 at 1:00AM in House Buying, Renting & Selling
34 replies 4.7K views
pma13pma13 Forumite
130 posts
edited 30 November -1 at 1:00AM in House Buying, Renting & Selling
Hello
Just wanted to get some advice /feedback . It's come back that the 4 bed we,re buying hasn't got building regs for loft conversion. Surveyor says he's not concerned over safety but it will incur costs to get up to building regs spec. And to be honest as this will be daughters room I am keen to do this. I gave vendor two options money off to account for work to be undertaken ( this decision wasn't taken lightly there's a lot unexpected work to do along side this ) or himself go for retrospective regs.

Anyway they've come back and said they'll purchase indemnity insurance. Yes I am happy that we're protected in case any action taken by LA but my opinion is that I am still going to be paying out more unexpected money. Am I being greedy ? Expecting too much ? Can anyone advise how to proceed even though I've told solicitor they've sent contracts this morning !
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Replies

  • RedFraggleRedFraggle Forumite
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    So it is now a 3-bed with a "useful loft room" not a 4 bed. What impact has that on price in your area?
    Officially in a clique of idiots
  • lincroft1710lincroft1710 Forumite
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    If you are intending bringing the conversion up to BR spec then indemnity insurance is a waste of money. Actually indemnity insurance in such cases is a waste of money full stop as there is next to zero chance of a council taking action.

    Ask the surveyor exactly what parts of the conversion lead him to believe there is no safety risk.
  • davidmcndavidmcn Forumite
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    Is the work actually necessary? After, I suspect the rest of the property isn't up to current "building regs spec" either, but that isn't an argument for getting money off. How old is the conversion?
  • pma13pma13 Forumite
    130 posts
    RedFraggle wrote: »
    So it is now a 3-bed with a "useful loft room" not a 4 bed. What impact has that on price in your area?

    Well yes will lower price
  • pma13pma13 Forumite
    130 posts
    davidmcn wrote: »
    Is the work actually necessary? After, I suspect the rest of the property isn't up to current "building regs spec" either, but that isn't an argument for getting money off. How old is the conversion?

    It was done prior to 2007 and surveyor couldn't give me a estimate
  • bouicca21bouicca21 Forumite
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    Does the vendor have the drawings so that you can work out exactly what was done? It may be quite safe even though not up to current regs. No point in indemnit insurance.

    And yes it's a 3 bed and should be priced accordingly.
  • Aylesbury_DuckAylesbury_Duck Forumite
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    I'd consider revising your offer. You are now looking at a three-bed house with an accessible loft fitted out for storage. Unless you have details to show that it's safe, would you risk having your daughter sleeping up there? If it's safe, but just not compliant, that's different but until you understand why it's not compliant I would put things on hold.
  • How old is the house? Can you ask neighbours if they know when it was converted?

    There are tens/hundreds of thousands of loft conversions around the UK that have been done decades ago without building regs. They are safe, and they ARE bedrooms in every sense.

    Upgrading a conversion to meet BR because you're concerned about safety is very OTT. Appoint a structural survey instead and ask if it's safe (rather than what need a done to meet building regulations).
  • G_MG_M PPR Forumite
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    pma13 wrote: »
    ......Surveyor says he's not concerned over safety but it will incur costs to get up to building regs spec.
    1) Spec in 2007 when the conversion was done? Or current Building Regs spec? You could argue the former is reasonable. The latter is not.

    2) Surveyor has clearly done a thorough inspection since he was prepared to write "he's not concerned over safety ". So which aspects are below the relevant spec? That obviously affects what costs you might/might not reasonably discuss. You can't jst pick a vague cost out of the air.
    ** If I include a blue link in my post, click and read it before posting a follow-up question. The answer may be in the link! **
  • pma13pma13 Forumite
    130 posts
    glasgowdan wrote: »
    How old is the house? Can you ask neighbours if they know when it was converted?

    There are tens/hundreds of thousands of loft conversions around the UK that have been done decades ago without building regs. They are safe, and they ARE bedrooms in every sense.

    Upgrading a conversion to meet BR because you're concerned about safety is very OTT. Appoint a structural survey instead and ask if it's safe (rather than what need a done to meet building regulations).

    Good idea thankyou
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