Introducing the New Home Owners’ Protection Policy (HOPP) ®
In addition to the Indemnity Products below we are now able to offer the HOPP
How much risk are your clients willing to take?
Buying a property involves more risk than your clients might think, sellers do lie, boundary issues are the most common neighbour disputes and UK Mortgage fraud stands at £1.2bn and is rising.
Click here to find out more about the HOPP Policy.
Online Residential Known Risks
Indemnities UK are committed to providing a comprehensive range of policies to address any issue relating to residential title. Here are just some of the more common known risks that you can insure against.
Adverse possession
Where paper title cannot be evidenced.
Possessory title
Where the property has been registered at the Land Registry with possessory title.
Good leasehold
Where the freehold title has not been proved to Land Registry and someone else challenges the validity of the lease.
Absent landlord (Flat / Maisonette or House) Where the landlord cannot be identified.
Title Subject to Rights and Reservations
Where the title is subject to third party rights.
Unknown Freehold Restrictive Covenants referred to in the Title or Deed which is missing
Where a deed or the registered title makes reference to restrictive covenants but the contents are unknown.
Missing Lease refers to easements, rights or other provisions, which are unknown and Defective Lease
Where there is reference to a lease containing easements, rights or other provisions, which are unknown.
Defective Lease
Where the lease contains inadequate provisions as to repair/maintenance of the building of which the property forms a part or where the lease is otherwise defective.
Breach of Restrictive Covenant
Where covenants are breached which restrict the use or type of building.
Chancel Repair (Successor and Non-Successor)
Where the property is located within a potentially liable parish for Chancel Repair payments.
Flying / Creeping Freehold
Where part of the residential property extends above or below another property.
Forced Removal / Obstruction of a Right of Way
Where there is a building over an existing Right of Way.
Lack of Drainage / Service Media / Water Supply
Where there are no or inadequate legal rights of drainage/service media/water supply to the residential property
Lack of Building Regulations / Planning Permission / FENSA certificate
Building Regulations / FENSA Certificate – Alterations or additions or replacement windows were made without formal building regulations approval / receipt of FENSA Certificate (if applicable)
Cover for Lenders
Local Authority Search – No Search for Purchase or Remortgage Transactions
Where no formal search of the Local Authority Land Charges, Water Service Company and/or Coal Authority registers in accordance with forms LLC1 and CON 29/29R/29DW/29M have been applied for but less than 18 months old.
Local Authority Search – Search Delay for Purchase or Remortgage Transactions
Where formal searches of the Local Authority Land Charges, Water Services Company and/or Coal Authority registers in accordance with forms LLC1 and CON 29/29R/29DW/29M have been applied for but there is a delay in receiving these back.
Local Authority Search – Search Validation for Purchase or Remortgage Transactions
Where existing searches of the Local Authority Land Charges, Water Service Company and/or Coal Authority registers in accordance with forms LLC1 and CON 29/29R/29DW/29M are more than three months old.
Insolvency - Deed of Gift / Undervalue Transaction (Lender Only)
Where there has been a transfer of the land by a deed of gift or at an undervalue.
Freehold flat (Lender Only)
Where the title to the flat contains inadequate provisions as to the repair and maintenance of the building of which the property forms part.
Building over a sewer (Lender Only)
Where there is building over a public sewer.
Listed Building Consent (Lender Only)
Alterations or additions to the residential property were made without formal listed buildings consent.
Searches UK Ltd trading as Indemnities UK, is an Appointed Representative of First Title Insurance Plc which is authorised and regulated by the Financial Services Authority (FSA number: 202103).
