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Conveyancers asking for BOTH a SOT and idemnity for EVERY query - is this the new standard?

Girthhitch
Posts: 20 Forumite

Or am I just unlucky? I doubt it helps for every single query, well it's rather for every query that they want to ask for an indemnity on, I'm seeing the same things coming up from previous buyers wherein they only asked for an indemnity.
In fact I had never seen a statement of truth request before. Conveyancers all have a 2nd job as milkmen?
In fact I had never seen a statement of truth request before. Conveyancers all have a 2nd job as milkmen?
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Comments
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Is getting works not signed off correctly the new norm? Is breaching covenants on title the new norm?
In an industry where Solcitors are told daily how to do their job, and are told it's taking too long, an Indemnity Policy offers that "quick straightforward" solution to an issue.
An issue that wouldn't be there if the vast majority of people followed the rules and or correct procedures.
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Indeed. And statements of truth are often required to obtain indemnity policies, plus they give additional peace of mind to a buyer that hopefully the defect or breach in question is not going to prove an issue requiring them to make a claim on the insurance policy.1
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