Defective lease indemnity insurance
The lease is missing something a lender requires, commonly adequate repairing, insuring or service-charge machinery, or rights of access.
- 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 from the specific defect identified, without the lease having to be varied first.
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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