I dont have a whole lot of sympathy for you. You chose to go down the route of an underhand cash deal and it has now come back to bite you in the ass. By choosing to pay cash and avoid VAT, you have lost all priveliges and assurances of using an insured, tax compliant company. I hate this with a passion. If anything happens your house now, I'm afraid you are on your own. You have also left yourself wide open should an accident occur on your property. And dont expect any guarantees or warranties with the finished product. If I were you, I would go back to the builder and ask for invoices showing full amount of VAT due, put a contract in place which is administered by a professional, and make sure the builder has all necessary insurances to cover your property. You can expect the builder to raise his price accordingly to cover all this administration and extra expense but to be honest this should all have been in place before any work commenced.Hi, I'm in the middle of getting an extension built. I had forgotten about telling my insurance company so I gave them a call today. It was a much bigger deal than I expected as I'm out of the house at the moment and the cost of the works is more than 20K. The insurance company have said that I am only covered for fire and storm damage and also that I need to provide them with all sorts of details including the RIAI contract. Unfortunately to keep down costs this is a cash build with no RIAI contract (didn't even know what this was until the insurance people asked for it!). The builders have been excellent so far but now I'm worried that I'm doing the wrong thing. Has anyone else had this experience and how did they get on with the insurance company?
Hopefully next years revised building regulations will weed out cases like this as the homeowner and the builder will have to sign a declaration before any work commences.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?