Or log in with:
Register to join the discussion, get discounts and more.
This is page 1 of 1 (This thread has 2 messages.)
We are in the process of buying an end of terrace house. All ready to exchange and have just been emailed across a copy of an indemnity policy taken out in November 2016. I am not too sure if its unusual and something to query or if its pretty standard. The known risk on the policy is as follows:Chancel Repair (Successor)The church or parochial authorities enforce an overridinginterest requiring the Insured to pay for chancel repairs to aparish church.First Title can provide cover for the risk if all the assumptionsmentioned below are satisfied: The Land is an existing residential dwelling withancillary land not exceeding three acres in size andwill continue to be used as such. There is no liability for chancel repair on theregistered title as at Policy Date or on anyunregistered title and in relation to the latter you willhave a clear index map search as at Policy Date. Prior to Policy Date no payments or demands forchancel repairs have been paid or received by theowners of the Land. No full chancel repair search has been made againstthe Land requiring the same to be disclosed to LandRegistry upon application for registration as anoverriding interest. There has been no approach to the church orparochial authorities regarding the liability.I am assuming that this would affect all houses in the local area? It seems strange to me as there is no church nearby and the policy doesn't state which church that has enforced this.
It would be the parish church for the area. The property is indemnified against the risk of there being a chancel repair liability and presumably the vendors have paid for it? Therefore you are covered.
Join the discussion
Registering is free, easy, and means you can join in the discussion, get discounts, win prizes and lots more.
Already registered with Mumsnet? Log in to leave your comment or alternatively, sign in with Facebook or Google.
Please login first.