ConveyancingBrain
Search Indemnity Insurance Exceptions
Search Indemnity Insurance Exceptions A small number of Lenders do not accept Search Indemnity Insurance on a remortgage and may insist upon full searches being carried out. This would result in additional costs to your client as they would be liable for the cost of any searches required, i.e. the local authority search, drainage & water search and the environmental search. Please see the table below.
Lenders that DO NOT accept Search Indemnity Insurance Fleet NatWest RBS Bluestone Axis Britannia Buckinghamshire Building Society Co-operative Coutts Fleet Mortgages Foundation Home Loans Hampden & Co. plc HSBC JP Morgan Chase Bank Kensington Mortgage Company Ltd.
Landbay M&S Bank Mortgage Agency Services National Westminster Bank plc Nedbank Private Wealth Ltd. Paratus AMC Ltd. Parity Trust Swansea Building Society Tesco Bank The Mortgage Lender Ltd. The Royal Bank of Scotland Topaz Finance Ltd. Ulster Bank Ltd. Vida Homeloans Virgin One
This information was gathered from the Council of Mortgage Lenders handbook. For full guidelines, follow this link: https://www.cml.org.uk/lenders-handbook/englandandwales/question-list/2081/
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