Bothering with a local search on a flat
Bothering with a local search on a flat
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Discussion

Esquire

Original Poster:

315 posts

16 months

Thursday 6th March
quotequote all
Keen to beat the April 1st deadline so have elected to not bother with a local search on a flat instead opting for an indemnity instead.

Know the building very well anyway and also someone that owns a flat in the same block who had a search done 2 years back no issues flagged.

Anyone else done the same?

We are going with the environmental search however

TownIdiot

3,527 posts

15 months

Thursday 6th March
quotequote all
Bought our last two places without searches, apart from a chancel search on the current property.

If you are sure you know the answers to the questions the searches cover then I say crack on.

Esquire

Original Poster:

315 posts

16 months

Thursday 6th March
quotequote all
TownIdiot said:
Bought our last two places without searches, apart from a chancel search on the current property.

If you are sure you know the answers to the questions the searches cover then I say crack on.
Cool, very reassuring thanks

Cow Corner

575 posts

46 months

Thursday 6th March
quotequote all
Esquire said:
Keen to beat the April 1st deadline so have elected to not bother with a local search on a flat instead opting for an indemnity instead.

Know the building very well anyway and also someone that owns a flat in the same block who had a search done 2 years back no issues flagged.

Anyone else done the same?

We are going with the environmental search however
Ultimately, you decide what level of risk you are happy with, but in my experience, it’s actually getting information from the managing agent that often delays flat sales, and that can be quite important in understanding how much money is in the pot for upcoming maintenance works etc.

Esquire

Original Poster:

315 posts

16 months

Thursday 6th March
quotequote all
Cow Corner said:
Ultimately, you decide what level of risk you are happy with, but in my experience, it’s actually getting information from the managing agent that often delays flat sales, and that can be quite important in understanding how much money is in the pot for upcoming maintenance works etc.
\Thanks.

That info is in hand with the solicitor so waiting to hear, but good point