Absentee freeholder indemnity insurance
The freeholder of a leasehold title cannot be traced, so ground rent cannot be paid and consents required by the lease cannot be obtained.
- Jurisdiction
- England & Wales
- Lenders covered
- 0
- Handbook
- UK Finance · Part 1 & 2
Part 2 of the UK Finance Mortgage Lenders' Handbook is amended by lenders without notice. Check the current version before relying on any requirement described here.
Cover
Loss arising if the freeholder reappears and pursues arrears or takes action over a breach that could not be consented to in their absence.
Whether a policy is appropriate, and on what terms, is a matter for the conveyancer on the individual title. Premiums, limits of indemnity and exclusions are set by the insurer and are not reproduced here. Where a lender is involved, its own requirements on indemnity policies sit in Part 2 of the Handbook.
Other title indemnity topics
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