Hi, we have a Party Wall Award (PWA) in place with a neighbour. We are required to provide Security for Expenses (SfE) in the form of cleared funds that can be directed by any two of the three appointed surveyors. We have proposed to put place funds with an FCA regulated escrow agent, with a contract in place mirroring the requirements set out in the PWA. The Adjoining Owner’s Party Wall surveyor has refused our proposed SfE arrangement and is insisting that the funds are placed with a specific company that they have suggested. As a result, it seems to us that the Adjoining Owner is refusing the SfE. Where l do we stand on this? Is this is a dispute, do we need to go to the third surveyor and who pays for that?
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