X
etsos

Free trial Sign-up

Please leave your name and email and we'll be in contact shortly.

Name

Company

Contact Number

Email

Please complete the sum:        
33 + 9 =

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.

The client and experts view...

  • thumb1
Latest newsspeech Bubble

Working in Partnership; The Property Jungle

Landmark are delighted to introduce a new working relationship with property focused website experts The Property Jungle. (more…)

26th June 2017: 4MLD comes into law

The latest update to the Money Laundering Regulations 2007 came into effect from the 26th June. (more…)

STL Price Increase 2017

We have been advised by STL that they are increasing their pricing by £1.90 +VAT  effective from 1st July 2017. (more…)

Quick Sale Compliance Packs turn sunken cost into a revenue generator

The impact of the money laundering and consumer protection regulations has seen a further erosion of revenue from property listings. In a survey undertaken by ETSOS, 96% of agents absorbed the additional cost to their business as a result of new processes and procedures. (more…)

Urgent Update: Worcester City Council

We have today received the below notification from Worcester City Coucnil regarding access to Council (Official) Searches; (more…)

divider
newsletter sign-up

Sign up for our e-newsletter

Name
Company
Email Address
trialTop

trial sign-up

Click the Apply button opposite to use our software on a trial basis...

trialBottom
  • etsosnews

  • etsosnews

  • Linkedin Twitter Facebook
    This site uses cookies. Find out more about this site’s cookies.