Local search indemnity insurance
A transaction has to complete before a local authority search result is available, most often where the authority’s turnaround has slipped.
- 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 caused by an entry that the search would have revealed had it been received before completion.
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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