Claim Case Study: Local Authority Search Disability grant Background
Solution:
A personal search company provided a Local Search to a purchaser of a property. The Local Search did not reveal that there had been a Disability Grant registered against it some years before by way of a Local Land Charge.
The insured forwarded all the correspondence and receipt from the Local Authority onto First Title. Confirmation had been received from the Local Authority that the funds had been received and the charge had been removed.
Challenge
Investigations confirmed that the Local Land Charge should have been revealed as at the policy date, prior to the insured owner’s purchase of the property. First Title reimbursed the insured for the full amount that they had paid to the Local Authority to remove the charge from the property.
To expedite the sale, the insured owner paid the outstanding charge to the Local Authority and were looking to claim against the policy. Fortunately for the purchaser, they had obtained a Regulated Local Search. All Regulated Searches are required to adhere to the Search Code, which requires suppliers to provide additional consumer protection to cover errors and omissions in the source data held at the Local Authority. The Local Search in this case benefited from an insurance policy from First Title, which provided cover for loss arising from any adverse entry that should have been revealed by a Local Authority Search carried out directly with the Local Authority (had one been obtained on the policy date) but had not been made available to the personal search company at the time of their visit.
Client Testimonial “Since you have contacted me I cannot fault how quickly and efficiently you have dealt with this. I am grateful for all your help�. The insured
Call: +44 (0)207 160 8218 Email: online@firsttitle.co.uk Visit: www.firsttitleresidential.co.uk First Title Insurance plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. First Title Insurance plc is registered in England under company number 01112603. Registered office: First Title Insurance plc, ECA Court, 24-26 South Park, Sevenoaks, Kent TN13 1DU.
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