I am currently in the process of buying a property and the chancel search has shown that the property is in a "potential" liability boundary. Although I am aware that many properties come under this heading and there is insurance to cover potential claims I am concerned that this may impact on the potential to sell the property. Witht he current financial climate buyers are very cautious regarding anything that may affect their investment. Any advice?
Chancel Repairs Forum
Chancel Repairs Forum » Chancel Repairs
Chancel - A Buyers Market
(2 posts)-
Posted 2 years ago #
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I don't think this will have any impact when you sell the property.
Though to be on the safe side you can take out a successor indemnity insurance policy that will provide indemnity cover to the new owner of your property too.
You should also rememer that unless a liability is lodged against your property by the 13th October 2013 (with the land registry), no Chancel liability can be 'pinned' on your property.
Posted 2 years ago #
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