Insurance Indemnity Policies - Are they Really Necessary?

mebu60

Nothing new under the sun it would seem:
£225 for lack of Fensa Indemnity? — MoneySavingExpert Forum

Leodogger

TheSpectator said:

What is boils down to is do you want the sale to go through or not? 

I suppose we will have to bite the bullet and pay it but I hate to constantly be ripped off by insurance companies😡

user1977

How much would the builder have charged you for consent?

EssexHebridean

There isn't generally an admin fee added on to indemnity policies, and if your solicitor has already told you the cost, I think it would be highly unlikely that they now intend to charge you more than the policy cost. 

Buying the freehold of a property doesn't give you the right to attach whatever other buildings you fancy to that building, no. Pretty sure if it did, you would be the first to complain if you neighbours built an eyesore of an extension because "they own the freehold, so that must be OK!"

Albermarle

user1977 said:

How much would the builder have charged you for consent?

That is assuming they can be located and would be bothered to reply.
The OP gave no indication when the bungalow was built, so could have been many years ago. 

Leodogger

user1977 said:

How much would the builder have charged you for consent?

Consent for what?   He told us we didn't need planning permission, that the garage we wanted was under permissable building legislation.

Leodogger

Albermarle said:

user1977 said:

How much would the builder have charged you for consent?

That is assuming they can be located and would be bothered to reply.
The OP gave no indication when the bungalow was built, so could have been many years ago. 

The bungalow was built in the latter 1960's.

Leodogger

Mutton_Geoff said:

I'm convinced these policies will become the subject of a future mis-selling scandal.

You could be right, what is the point of paying more for a freehold property when you are not free to build on the land as you want, even when the council says it is OK !

Leodogger

EssexHebridean said:

There isn't generally an admin fee added on to indemnity policies, and if your solicitor has already told you the cost, I think it would be highly unlikely that they now intend to charge you more than the policy cost. 

Buying the freehold of a property doesn't give you the right to attach whatever other buildings you fancy to that building, no. Pretty sure if it did, you would be the first to complain if you neighbours built an eyesore of an extension because "they own the freehold, so that must be OK!"

If you read through my replies you will see that I said "if there is no planning permission required by the council" then why are you charged extra for properties that are freehold if you are then forced to apply for permission to build from the original builder of the property?   Also I was referring to the charge the solicitor will make on our bill for finding the indemnity policy and putting it into force !   The solicitor hinted as much to me when I was asking her about our solicitor costs that there may be extra fees to be added for unforseen work they have to do over and above the actual normal conveyancing work.

user1977

Leodogger said:

user1977 said:

How much would the builder have charged you for consent?

Consent for what?   He told us we didn't need planning permission, that the garage we wanted was under permissable building legislation.

Not your latest builder, the original one from whom you should have got consent according to your titles. I doubt the fee would have been any cheaper than the insurance (plus no chance of getting the insurance once you've tipped them off by contacting them).