Indemnity / how big of a problem

Satansallsmiles

Hi all,


I'm in the process of selling my property, and have noticed a couple of things that I don't have certificates etc for - I'm just wondering how much of an issue it is.


Firstly, all of our double glazing has been replaced by a friend of ours - A very good builder, but not FENSA approved - I appreciate that this isn't a big deal, but may need an indemnity.


Secondly, we had our fuse board replaced about 2 years ago - I never thought about it at the time, but realise now that I never had a certificate for the work. In trying to contact the company to check, I've found that they've gone out of business, and the works haven't been registered.


I believe I can get an indemnity for both these things, but have no idea of the cost.


Any thoughts? would indemnities being required for these put you off buying?

Thanks!

foxy-stoat

The indemnity would be bought by the purchaser normally, so it would be up to them.

If you want you could get an electrician to carry out an electrical check or get them to replace the board again and get the correct certificate.

Surrey_EA

foxy-stoat wrote: »

The indemnity would be bought by the purchaser normally, so it would be up to them.

I would have said it's more common for the vendor to pick up the tab for the cost of indemnity policies.

As in this case, it's not the buyer's fault that the vendor is unable to provide appropriate documentation.

foxy-stoat

Surrey_EA wrote: »

I would have said it's more common for the vendor to pick up the tab for the cost of indemnity policies.

As in this case, it's not the buyer's fault that the vendor is unable to provide appropriate documentation.

Yes, the buyer needs to buy it and the solicitor normally pushes the costs onto the seller.

No one is blaming the buyer for the seller not having the certificates.

SmashedAvacado

It would usually be a seller cost.

your solicitor can get a quote very easily for you - they should be doing this because they need to agree the wording with the buyer's solicitor. The cost will depend on the value of your property but it will not be much - under £500 but possibly as low as £150 all in.

Satansallsmiles

Thanks all, Really useful.


I'm in no way averse to paying the money, I just wanted a vague idea for budget reasons!


Thanks again.

SmashedAvacado

Your solicitor will have a relationship with an insurer who can get this information within a matter of hours.

Hoploz

As well as certificates, we were asked for guarantees for work done, so it's worth rummaging around for any paperwork for these.

I doubt an electrician would charge a lot for certifying a fuse box, I'd give one a call and find out how much it'd be to get some sort of safety certificate in advance so it can be presented straightaway

SG27

Satansallsmiles wrote: »

Thanks all, Really useful.


I'm in no way averse to paying the money, I just wanted a vague idea for budget reasons!


Thanks again.

Probably not more than about £150 for both although it may vary quite a bit.

Rambosmum

We had an indemnity for an extension (not done by us) that didn't have (or need) planning permission. Cost about £100 and was definitely paid for by us, organised by our solicitor at the request of the buyer.