http://www.chancel.org.uk/forum/ Chancel Repairs Forum Forum: Chancel Insurance en Sun, 05 Feb 2012 04:44:11 +0000 http://www.chancel.org.uk/forum/topic/indemnity-insurance-costs#post-46 Fri, 15 Apr 2011 12:42:10 +0000 moona 46@http://www.chancel.org.uk/forum/ <p>This is a good post. This post gives truly quality information. I’m definitely going to look into it. Really very useful tips are provided here. Thank you so much. Keep up the good works.<br /> curt<br /> <a href="http://www.nicetick.com/air-jordan-6-lakers-edition-black-3m-reflective-material-white.html">Air Jordan 6 Lakers Edition</a> </p> http://www.chancel.org.uk/forum/topic/leasholder-chancel-liability#post-42 Mon, 13 Dec 2010 22:11:02 +0000 admin 42@http://www.chancel.org.uk/forum/ <p>Its really not much to worry about imo. The indemnity insurance's don't really cost that much. If it were me i'd skip the chancel check reports (how many properties come up that 'might' be subject to chancel repair liabilities?</p> <p>Save on the vague checks and just go straight to the indemnity insurance. </p> http://www.chancel.org.uk/forum/topic/leasholder-chancel-liability#post-38 Sun, 28 Nov 2010 07:50:28 +0000 sharpjwe 38@http://www.chancel.org.uk/forum/ <p>unbeleiveble<br /> I shall not be resbonsilbe for a chruch that i do not support </p> http://www.chancel.org.uk/forum/topic/leasholder-chancel-liability#post-35 Thu, 26 Aug 2010 06:47:11 +0000 admin 35@http://www.chancel.org.uk/forum/ <p>It would depend on the wording of your lease, its likely that any costs are chargable to the leaseholders. </p> http://www.chancel.org.uk/forum/topic/leasholder-chancel-liability#post-34 Sun, 08 Aug 2010 12:55:36 +0000 elbw 34@http://www.chancel.org.uk/forum/ <p>Hi, I am selling an ex-local flat in Lambeth of which I am the leaseholder. I have received a note from the buyers solicitor saying the8r search has revealed the flat is in a chancel liability parish. I am being asked to either provide my indemnity policy or pay for the buyer to have one.<br /> But surely it would be Lambeth COuncil (ie the landowner and the freeholder) who is responsible for this, not me?<br /> does anybody have any idea?</p> <p>Thank you</p> <p>Emma </p> http://www.chancel.org.uk/forum/topic/indemnity-insurance-costs#post-17 Tue, 02 Jun 2009 10:29:37 +0000 admin 17@http://www.chancel.org.uk/forum/ <p>According to the providers of ChancelSure (Chancel Repair Indemnity Insurance) the cost starts from just £45.74, but will vary depending on the value of your property.</p> <p>I also understand that you can purchase a more expensive policy that covers the property, rather than just the period you own the property, this is useful if you might sell your property before 2013 (when the liability will cease).</p> <p>You won't have any haggling with prospective purchasers over who pays for their policy then, it'll already be in place!</p> <p>You can find more info from their website<a href="http://www.clsl.co.uk/ContentManagement/Page.aspx?PageID=325&#38;Parent=Homeowner%20Sales">.</a> </p> http://www.chancel.org.uk/forum/topic/do-you-really-need-chancel-repair-indemnity-insurance#post-15 Tue, 02 Jun 2009 10:19:32 +0000 admin 15@http://www.chancel.org.uk/forum/ <p>Its a common question but one that you might not have a choice over, many mortgage lenders will (if a potential liability is bought up by a search) insist that an indemnity insurance policy is purchased and put in place, others may allow you to decide whether you wish to purchase an indemnity insurance.</p> <p>You should always discuss the options with your solicitor.</p> <p>A few factors you might want to consider when deciding whether you need an chancel repair indemnity policy:</p> <p>How dense is the housing surrounding the property you are purchasing? If you are purchasing a property within a large built up area it could be that the potential liability (if discovered) would be very minimal, and likely that any potential claim could easily mean rather than fighting the claim alone you could be amongst hundreds even thousands of home and landowners fighting the claim.</p> <p>Equally if the property of land is in a smaller settlement, the cost of the insuracnce policy is probably well worth the investment for the peace of mind that it offers. </p> http://www.chancel.org.uk/forum/topic/indemnity-insurance-costs#post-6 Tue, 22 Jul 2008 21:39:44 +0000 chinup 6@http://www.chancel.org.uk/forum/ <p>How much does indemnity insurance against Chancel repairs cost? Does it depends on the price of the property i'm buying or the size of the building? </p> http://www.chancel.org.uk/forum/topic/chancel-repair-indemnity-insurance-who-should-pay#post-5 Mon, 23 Jun 2008 09:02:03 +0000 admin 5@http://www.chancel.org.uk/forum/ <p>This is a question i've been emailed about on a number of occasions.</p> <p>Unfortunately there is'nt really a hard and fast rule, with both parties (the purchaser and the vendor having strong arguments for why it shouldn't be them!</p> <p>From a mortgage point of view there is no requirement for such indemnity insurance to exist, and many vendors will argue that they don't have the insurance in place protecting them so why should they pay for the purchaser?</p> <p>Purchasers on the other hand naturally often want to protect themselves from any liability and argue that the cost of any indemnity insurance policy ought to be borne by the vendor.</p> <p>At the end of the day the choice really comes down to the individual purchaser. Given the current market conditions you are likely to be in a strong negotiating position, is the vendor really going to jepordise a sale for the sake of a policy that usually costs under £100?</p> <p>On the flip side is the cost of the insurance significant enough for you to push on the matter? Do you really need the insurance?</p> <p>Ultimately the choice is yours. I'd always recommended asking your solicitor what they would recommend and advise. </p>