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Vision Splay Indemnity Insurance
Dave777_3
Posts: 3 Newbie
Hello all. Please can someone help:
My father-in-law is selling his home which basically consists of a detached 'farmhouse' in need of interior renovation. The property has a large garden and the Local Authority have granted outline planning for the erection of a single dwelling and garage.
An offer was received from developers in September last 07 which was accepted.
However:
For the past 4 weeks, the developer's solicitor has been insisting that Visability Splay Indemnity Insurance is required by his client in order to exchange, and, we are being told, will take even more time sort out. Furthermore, we, the vendor, have to foot the bill of this indemnity.
Please note though that the PP for the plot states clearly that:
"The proposed access is deemed acceptable and parking and turning areas can be accomodated"
The Highways Department have made a site visit and have confirmed that visibility splays are acceptable to the left and right of the access point.
Also please note that the new access will not cross any pavement/footway and there is no ransom strip to cross.
Please Help ! - Has anyone any detailed knowledge of such Indemnity Insurance requirements ? What are the criteria ?
(I personally believe that the purchasor's solicitor is trying to buy more time to exchange because the developers do not have the necessary ready funds.)
Many thanks in anticipation of your advice/comments,
David
My father-in-law is selling his home which basically consists of a detached 'farmhouse' in need of interior renovation. The property has a large garden and the Local Authority have granted outline planning for the erection of a single dwelling and garage.
An offer was received from developers in September last 07 which was accepted.
However:
For the past 4 weeks, the developer's solicitor has been insisting that Visability Splay Indemnity Insurance is required by his client in order to exchange, and, we are being told, will take even more time sort out. Furthermore, we, the vendor, have to foot the bill of this indemnity.
Please note though that the PP for the plot states clearly that:
"The proposed access is deemed acceptable and parking and turning areas can be accomodated"
The Highways Department have made a site visit and have confirmed that visibility splays are acceptable to the left and right of the access point.
Also please note that the new access will not cross any pavement/footway and there is no ransom strip to cross.
Please Help ! - Has anyone any detailed knowledge of such Indemnity Insurance requirements ? What are the criteria ?
(I personally believe that the purchasor's solicitor is trying to buy more time to exchange because the developers do not have the necessary ready funds.)
Many thanks in anticipation of your advice/comments,
David
0
Comments
-
Can I bump this up now please ?
Any comments ?0 -
I appreciate this is somewhat complicated but any info is greatly received tonight.
Thankyou
David0
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