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The property we are in the process of buying, the search has shown chancel liability.

The house we are in the process of buying, the search has shown chancel liability. The conveyancers are asking the sellers (previously unaware) to purchase insurance. Will this affect value of the property?

Asked on Sep 18 2013, General in Immingham | Report content

Answers (1)

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  • Hi, Most houses may be subject to this liability and it is common practice for purchasers to take out the appropriate insurance for extra piece of mind. If you do have the insurance policy in place then this should not affect the value of your property. We hope this helps.

    Answered on Sep 19 2013, Report content

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