Insolvency Act indemnity insurance
A transaction in the title could be challenged as a transaction at an undervalue or a preference if a party to it becomes insolvent.
- 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 if the transaction is set aside and the title or the lender’s security is affected.
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
Acting on lender instructions
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