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Original poster

So pissed off with our vendor! Is pulling out now just cutting off our nose to spite our face?

28 replies

AngryFeet · 07/03/2013 19:48

http://www.mumsnet.com/Talk/property/1695757-Gaaahhhh-I-knew-this-was-going-to-happen-No-planning-permission-building-regs Here is my first thread about this.

Vendor is now saying he wont pay the indemnity insurance. It is £76!! I am so annoyed with him. Don't know what to do next. Call his bluff or just swallow the 76 quid. We are still waiting for the solicitors report with the results of searches but aside from that we are close to exchange. No other houses in the area that suit.

OP posts:
OP posts:
MrsJREwing · 07/03/2013 19:50

walk away.

ArbitraryUsername · 07/03/2013 19:52

We ended up having to pay our own indemnity insurance (having had a full survey that said all was well with the extensions) because our vendor was a complete pain in the arse. It was a major national house builder and the house had been part exchanged. They were not fun to deal with. We nearly pulled out at the last minute as they were being such arseholes, but decided that it really wasn't worth it. If we'd pulled out, we'd probably still be looking as 4 beds don't come up in this area very often.

BreasticlesNotTesticles · 07/03/2013 19:56

Having looked at your other thread there isn't an issue with the extension? And your solicitor said that there is no need to worry as all over 10 years?

I would go ahead, and pay the £76 if you need it

Original poster
AngryFeet · 07/03/2013 20:04

Well there appears to be no issue with the extensions as they are 20 and 25 years old with no sign of cracking etc. But we cannot be 100 percent sure. Why do you say walk away Mrs Jrewing?

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impecuniousmarmoset · 07/03/2013 20:06

I don't think anything to do with a house sale is ever worth walking away over 76 pounds!!! If you like the house and you think the minor gamble is worth it (and since you are talking about demolishing most of the extension it clearly seems like it is), then swallow the 76 pounds - in a heartbeat! It'll cost you a HELL of a lot more to walk away!

Original poster
AngryFeet · 07/03/2013 20:10

I know. I am just so annoyed at his entitled attitude. Feel like he should suffer a bit!

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ArbitraryUsername · 07/03/2013 20:14

Yes, but you'll also suffer. Our extensions are about the same age as yours. The surveyor said they were fine and it's long, long past the point that anyone would take any enforcement action. The insurance just wasn't worth pulling out over.

purplewithred · 07/03/2013 20:17

You said 'it's a great house in a perfect location' - IMHO you'd be nuts to walk away for £76. How much has it cost you to get this far?

financialwizard · 07/03/2013 21:07

In your position I'd pay the £76. There are plenty more things to stress about.

ILikeBirds · 07/03/2013 21:59

I'd just not bother with the indemnity insurance personally. It's only protecting against risk of enforcement from the council and if the extensions are that old there is no risk.

Original poster
AngryFeet · 07/03/2013 22:10

The mortgage company may insist on it or I doubt I would bother Ilike :)

OP posts:
myron · 07/03/2013 22:24

£76 is neither here or there in the scheme of things. You can still proceed without an indemnity insurance policy in place. If you wish to benefit from it, buy it. If you're wavering in any event about the purchase and this plants yet another seed of doubt, walk away or at least take the weekend to reflect first!

Dromedary · 07/03/2013 22:29

People get ridiculously petty in house sales - just pay the money and don't sink to his level.

whattodoo · 07/03/2013 22:37

In 3 months time, which would you regret more - a) not paying the 76 and walking away from the house or b) paying the 76 and getting the great house in a perfect location?

Original poster
AngryFeet · 07/03/2013 22:47

Agreed it is just me being petty i think ;)

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FlatCapAndAWhippet · 08/03/2013 05:55

He's being petty however......pay the £76 and forget it. It's pennies in the greta scheme of things.

ArbitraryUsername · 08/03/2013 08:22

Our solicitor said we had to get the insurance. It seems like a bit of a scam (along with much else in buying a house). But it's such a tiny amount of money given how much you're spending on the house/everything else. It just isn't worth agonising over.

Once the house is yours you'll forget about what an utter wanker the vendor was (and never have to think about him again).

HandMini · 08/03/2013 08:27

Pay the money. In any buy/sell situation, someone holds the whip hand and unfortunately in this case, it's your vendor....usually the case in house sales when a buyer has got far enough down the track with a property. Pay the £76, enjoy your new home!

Potterer · 08/03/2013 10:24

Honestly, pay it, we paid a hell of a lot more than that for stuff that needed sorting in the house and we swallowed it because it is our forever home and there was nothing like it on the market.

At the end of the day, how would you feel 6 months down the line if there was nothing else worth buying.

I think at this stage it becomes a game of who will pay this, who will concede on that. Pay £76 and be done with it, rush it through now and get done.

ISeeSmallPeople · 08/03/2013 10:27

This reply has been deleted

Message withdrawn at poster's request.

iheartdusty · 08/03/2013 11:02

pay the £76

then when you have the house collect up all old and unwanted fixtures and any rubbish he may leave behind and go and dump them in his new garden

TheCokeMachine · 08/03/2013 11:13

We paid out for the house we bought, it really wasn't worth arguing about. I was at the exact same point as you six months ago - I was ready to kill the vendor. My husband was apoplectic. There was tons of stress and swearing, no one would budge.

I took a deep breath, and agreed to pay it. It was the right thing to do, we exchanged the following Monday.

House buying seems to send even the most agreeable people to the brink of insanity. Just pay it Wink

Eurostar · 08/03/2013 11:19

I haven't read the other thread but is it your solicitor saying you need the insurance and his saying that it is not necessary?

Honestly, just pay it, you won't even notice it, imagine the time and money you will waste if you pull out now, that would be serious cutting off your nose to spite your face if you pull out for £75 when having paid survey fees etc..

However, if this is actually a bit of an excuse to pull out because you are not really sure about the place....pull out.

tallulah · 08/03/2013 11:40

We had this but from the other side when we moved. We had an internal garage which we turned into an internal room.

At the last minute the buyers solicitors demanded insurance. It caused huge ructions and we felt exactly as you do now. I expect your vendor feels just as angry as you. This is another new con thing.

DH was so angry he threatened to just pull down the wall and pull up the floor to make it back into a garage.

He didn't but we refused to pay the insurance and said if they wanted it they could pay, since it wouldn't benefit us at all.