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What to do when there is a Chancel Repair Liability on the title deeds…

24th January 2014

There is a common misconception that Chancel Repair Liability (CRL) ended on 12th October 2013. This is not the case; if the liability has already been registered it is an obligation that lasts in perpetuity.

  • Chancel Repair Liability will still affect properties that transact post the 12th October 2013. As only 5% of properties transact in the UK every year, this leaves 95% of properties still vulnerable after year 1. (Please note that this 5% is not all new properties, as many are re-transacted in following years).
  • The liability only falls away at the point of first or next registration of a title after 12th October 2013.
  • The liability is only removed after a property has transacted for valuable consideration (i.e. not for a nominal amount or by way of inheritance/gift etc.).

In some cases, where CRL has already been registered on the title deeds, traditional chancel insurance is not available. In such cases, bespoke policies must be arranged. Through CLS, ETSOS offer firms direct access to industry leading underwriters, offering a range of standard and bespoke title indemnity policies for residential and commercial transactions.

For more information on this please contact your ETSOS account manager, or speak to us directly on 01524 220000.

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