CG100

yes this is my concern - and the next door detached property is also without a warranty - it just sold to a couple though who seemed happy to go ahead.

Yes - I have reduced my offer by nearly £20k so I will see where that gets me and also ask about this retrospective warranty. thanks

Waiting to hear from the solicitor. Originally they said ask the mortgage broker who didn't seem to concerned and said it would be down to the solicitor. There is another property next door (detached) that also doesn't have the warranty - really odd as some do and some don't. I have tried to get hold of the neighbouring property owner to see if they have any insights. As far as I know there have not been any problems with it in the last 3 years - which is course is a good sign!! Yet there is risk. I will keep digging and make a decision once I have gathered my info - all of this input is helpful, thanks

Hi everyone, I’d really appreciate some advice from anyone with experience of buying a converted property where the new-build/structural warranty is missing. I’m in the process of buying a house that forms one half of a converted mill building (the whole building was converted about 3 years ago). Before I offered, I asked whether there was a new home warranty and was told yes. I’ve now found out that: the house I’m buying has NO warranty at all the house next door (same building, same conversion, same developer) DOES have a warranty Checkmate (the warranty provider) say they will NOT issue a certificate for mine and won’t explain why the developer cannot be contacted and appears to have stopped operating the seller’s solicitor says there is an “indemnity policy” instead I know indemnity does not cover structural issues – it only covers legal risk for the lender. My mortgage broker (Nationwide) says it may still be acceptable from a lending perspective because the property has been lived in before and has building regs sign-off, but that the final decision will depend on: my solicitor’s report, and the valuation/survey. I will be getting a Level 3 survey if I proceed. My concerns are: why the next-door property got the warranty but mine didn’t why Checkmate won’t issue the certificate and won’t give a reason whether indemnity-only is actually safe whether this will affect resale in the future whether I should proceed if the survey is good what size of price reduction is reasonable in this situation (they may well not offer one) I’ve told the agent I can only move forward if the price is reduced to reflect the increased risk. Has anyone bought a house in a similar situation? Would you proceed with indemnity only if the survey was clean? And how much of a reduction would you expect for a missing warranty on a 3-year-old conversion? Any advice or shared experiences would be hugely appreciated. Thanks! Corinne