What is indemnity and is it needed? | Property Investment UK

[@Andy5c]

Hi Jamie. Loving your videos much more honest than Sam Leeds with his get rich stance the long game is a much smarter way to go. Im in Leeds and have a small portfolio. Interested in your thoughts about government proposal in raising EPC to a C. I like you have a lot of properties with no cavities/room in roof insulation so will cost a lot to bring up to a C and make properties look like ugly marshmallows if done externally . Intrested in your view?

[@ritajames7797]

Interesting video, Jamie. Looking forward to that "rant" about slow solicitors that you mentioned

[@JamieYork]

You and me both!

[@greetingsbox4229]

Hi Jamie great video. Can indemnity work for an unregistered property? I could imaging that is very expensive if it is possible. Do you think you could do a video on unregistered property and getting the absolute title?

[@garydrew156]

Hey Jamie, great advice. I’ve recently taken out indemnity on a missing sign off for an extension, but I didn’t realise it could be done to cover the searches. I’ll defo use that in the future. Much appreciated.

[@ddot009]

Morning Gary, I think I’m in a similar position to you… (or maybe soo to be) i started a purchase yesterday and I’m worried that the conservatory the put in is not signed off… does indemnity help cover this? Does it also cover any costs in cured to fix this if they’re any issues ? Much appreciated Seni

[@haariboentertainment]

I don't agree the indemnity should be taken and is as black and white as this video - indemnity scenarios should be considered as case by case basis. for e.g. if there's missing building regs on an extension which has recently been worked on

[@MHK-yu2tf]

Is it sensible to buy w property with an alteration made but no paperwork? Or wiser to walk away from it? Buy to let, first rental property.

[@JamieYork]

Depends on the if the alteration is legal or has past build regs. If it is and it's structurally sound then lets go!

[@MHK-yu2tf]

@@JamieYork Thank you, Jamie. Not sure, I'll find out. I know that the deeds are considered 'defective'. I'm planning to knock a plasterboard wall down to open up the kitchen, I wonder if the previous issue is likely to be picked up by the Council at that point?

[@dantegordon9746]

Hi I'm an asset manager with 13 high pressure years of auction and residential property purchasing and I would love to tell people that this will speed up a trusted sale. Baffled me for years that solicitors don't openly push this.

[@ferencmakra1764]

Awesome video. That was rather interesting information. Learning is a blessing 💪

[@JamieYork]

Glad you enjoyed it!

[@jonathanspeltri]

What a Good video James thanks Jamie.

[@JamieYork]

Cheers mate! Thanks for watching!

[@mousymcd]

It’s 8pm 🤣🤣 you’re a funny and very informative fella, I love your videos keep up the fantastic work 👏

[@JamieYork]

Thanks 👍

[@lokesh787]

@Jamie York you are an awesome individual, a big big thank you. Binge watched your videos to understand the whole buying process and you are amazing. Thanks a lot Jamie.

[@JamieYork]

Ah thanks so much, really appreciate that!

[@lokesh787]

I recommended your channel to some of my friends to get all their questions answered @Jamie York and they started falling in love with the content in your videos and so am I. Thanks a lot, you are a blessing to all those who wants to get on to property ladder.

[@chrischadwick5395]

We are buying a property where there is no legal right of access to it from the main road. Would you do an indemnity to cover this? And how long would it last? Forever? Or just until we come to sell it?

[@Thevoiceofreason84]

Hi Jamie How rare is it that the buyer refuses indemnity insurance offered as paid for by the seller ? We have some french doors with no fensa certificate and a wall removed before we purchased the house with no certificate (couldn’t say who or when it was done we had no issues with buying the house ) Also does one indemnity insurance policy cover all issues or do you need individual cover for each issue ? We are about the exchange after enquiries to an investor we are a little concerned he may pull out at this late stage , hopefully it’s just his solicitor being thorough 🤷‍♂️

[@surajit96]

Really valuable information! Thank you!

[@JamieYork]

You're very welcome!

[@stuartboswell3103]

Jamie great videos and content so when your doing the r.o.i on the property do you calculate the council tax , electric, and water and under what costs thank you

[@JamieYork]

Yes I do!

[@ChrisLivingInYork]

Hi Jamie, After watching your video in full you explained how you were able to speed up the buying process as a cash buyer. I would like to know does indemnity insurance speed up searches only, as from my understanding cash buyers don’t need to take out searches, as it’s only when buying a mortgage it applies. I got the impression you were able to buy a property and complete in one day. Please can you explain or cover this in another video as I’ve been waiting almost 3 months to buy a property and would like to know in future how to go about decreasing the time.

[@JamieYork]

I've bought a house in 24 hours previously. I'll do another to go through it in more detail

[@ChrisLivingInYork]

@@JamieYork that would absolutely amazing if you could do that. I’m sure I’m not alone in finding how frustrating it is buying a house with the current archaic system.

[@rawlandlondon276]

Excellent video very helpful Big thank you 🙏

[@JamieYork]

Glad it was helpful! Thank you!

[@usamahahmed3805]

Hi Jamie, I need an indemnity policy for the Ground rent on my property. Is this obtained via my solicitor?

[@douglasprovost768]

Are these only used for cash purchases? What about indemnities with a mortgage?

[@JamieYork]

Yep you can still get indemnity with a mortgage

[@igorshevchuk8549]

Hi, If a Buy-to-let Limited Company that I own buys a property, could I rent it personally from that company (to live in)? Thank you

[@Mr_Sh1tcoin]

Yes. Your company is a separate entity to your person. Going the other way a company you own can even rent a room from a house you own personally.

[@igorshevchuk8549]

@@Mr_Sh1tcoin Great. Thanks 👍

[@JamieYork]

In theory yes

[@lp6132]

One of my mates is trying to get money back from direct debits for hp on car finance over the last 7 years. The bank contacted the merchant without any consent and have sent him a signed letter of agreement, saying that he’d signed the contract in his legal name and that the bank are refusing to return the direct debit payments. I told him that im sure he can still get it all back and that im pretty certain they’re in breech of his human rights under the GDPR for liaising with the merchants without his consent. Would this be correct ?

[@gmanhi5]

Hiya, great video makes it easier for me to understand what an indemnity policy is. However I am selling my home and don't have certificates for my new windows. (and can't get them) I have had four windows put in upstairs on a three bedroom house I'm assuming I should get indemnity insurance on the windows what do you think the cost would be on these and would it be on the individual windows or as the job as a whole?

[@gmanhi5]

Or should I even bother telling them that I had new windows put in in the first place.?

[@Frattonbird]

Hiya just wondered how did you get on. I'm the same situation as you.

[@gmanhi5]

I took out the policy, it was very cheep and easier to get than new certificates. Just get the indemnity. It was easy and the solicitor sorted it for us.

[@jackw5630]

😂😁 comedy Jamie, made me laugh 😂 Top Vid 🏡🏡🏡

[@JamieYork]

Haha! thanks Jack!

[@furniturefliphustle3531]

Hi Jamie, great video! This is bit of a random question but can you raffle off a property you own in the UK?

[@mojoshojos6931]

I’m in process of buying a property And the house has got solar panels And haven’t got the paperwork The seller is willing to pay for the indemnity Is that enough ? Security

[@JamieYork]

It depends on some more context but if the insurance accepts the indemnity it should be fine