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Indemnity Policy

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  • Indemnity Policy

    We are buying a house and have been advised that the seller is getting indemnity insurance to cover a garage conversion which does not have building regs. What will happen when we decide to sell the house in the future? Do we need to get building regs for the property?

    Any advice would be great!

  • #2
    Re: Indemnity Policy

    Rather concerned that your solicitor has not explained properly the implications.

    If you are not sure about anything you should ask him, that's what you are paying him for.

    The indemnity policy only pays out if the Council take enforcement action for non-compliance. if the conversion has been there a few yaers this is exceedingly unlikely.

    With no completion certificate under the regulations you cannot be sure that it complies with the regulations in force when the work was done. Of course there are thousands of houses all over the country built years ago with elements that would not comply with modern building regulations so in the end it is a matter of how concerted you are about structural stability, heat loss, fire safety etc..

    When you come to sell your buyer may want the indemnity policy and might be concerned about the heat loss, fire safety etc. Most people take a common sense view on these things but a few get neurotic about them and there is not much you can do about that.
    RICHARD WEBSTERwww.rwco.co.uk
    As a conveyancing solicitor I want to be helpful (England/Wales only) but can't accept liability for this.


    • #3
      Re: Indemnity Policy

      If its been there for years it shouldnt bother you, and a surveyior will find any structural issues if there are any