I am in the process of selling my flat, and due to an incorrect lease plan have had to draw up a deed of variation.
It's all gone smoothly until now. My buyers solicitors are asking the freehold solicitors to 'provide an undertaking to deal with any requisitions arising from the land registry process', which as I understand it means they are asking the freeholders solicitors to bear the responsibility legally if there is a problem when the deed of variation is lodged with the land registry.
The freeholders solicitors are absolutely adamant that they will not provide an undertaking although they will 'use their best endeavours' to deal with any requisitions.
My buyers are threatening to flounce if not resolved quickly which will be catastrophic for my onward purchase.
My question is - would best endeavours likely be acceptable to the buyers solicitors? Or will they insist on an undertaking?
And if that is the case what on earth will I do? Could I buy an indemnity policy to protect the buyers and freeholders?
Any advice would be hugely appreciated, I feel sick with stress
:(