I wonder if anyone can give me some sound advice based on experience.
I am on the verge of exchanging on a property - mid Victorian terrace. like most vic terraces the wall between the 2 reception rooms have been taken down but the vendors do not have a building regs completion certificate - They bought house as is, with the wall already taken down. to get over the issue of missing b.reg cert., the previous owners (prior to my vendors) got an indemnity insurance cert. however, i intend to do renovation work when i move in and the minute i begin to apply for building regs, for my intended work, the indemnity insurance that is currently in place will become null and void. My sols are insisting that we have the building regs cert. and i agree with them. My buyers are ready to exchange on my sale and are understandable getting impatient so i need a quick solution.
What I need to know is how much would it cost to do the required work to make it pass current building regs - in order to get the certificate?
How long would it take?
I have a good relationship with my vendors and i am thinking of suggesting that they start the ball rolling re getting the certificate, we exchange next week but only complete when they have the certificate. I know they will agree to this so long as the process doesn't take months.
who should pay for this? should they? me ? or should we split the cost?
Thanks