I'm currently buying my first flat so a leasehold. The seller has owned it from new.
It's emerging throughout the process that the solicitor the seller used was not very thorough at all and as a result a lot of information is missing or incomplete. The estate agent informs me he has taken out quite a few indemnities to get to the point of exchange.
My question is, when I come to sell the flat, will these indemnities still be in place or will I be responsible for basically paying to renew them (as the original information will of course still be missing)? I think the total number has run into a few hundred pounds and I am paying the cost of the final one just to get us to exchange.
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Can someone tell me about indemnity insurance?
2 replies
Teaandcakeat8 · 11/03/2016 21:49
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