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Question: 5.10.9. Do you accept indemnity insurance where the terms of the lease are unsatisfactory?
| Lender | Answer |
|---|---|
| Accord Mortgages Ltd |
Yes, provided you are satisfied that such insurance is a solution to the difficulty identified and you can give an unqualified Certificate of Title. |
| Atom Bank plc | Yes, provided you are satisfied that such insurance is a solution to the difficulty identified and you can give an unqualified Certificate of Title. You must retain a copy of any insurance policy on your file. |
| Aviva Equity Release UK Ltd |
No |
| Bank of Ireland (UK) plc |
Yes, subject to 5.10.2 and 5.10.3 of Part 1 and provided any defects with the lease are those which are normally covered by indemnity insurance where a Deed of Variation is not possible. |
| Bank of Ireland as Bank of Ireland Mortgages |
Yes, subject to 5.10.2 and 5.10.3 of Part 1 and provided any defects with the lease are those which are normally covered by indemnity insurance where a Deed of Variation is not possible. |
| Bank of Scotland Beginning A |
Yes, subject to the requirements of section 9 being met |
| Bank of Scotland Beginning O |
Yes, subject to the requirements of section 9 being met |
| Barclays Bank UK PLC |
Yes |
| Birmingham Midshires | Yes, subject to the requirements of section 9 being met. |
| Bradford & Bingley Limited | Yes |
| Britannia, a trading name of The Co-operative Bank plc | Yes |
| Chelsea Building Society (a trading name of Yorkshire BS) | Yes, provided you are satisfied that such insurance is a solution to the difficulty identified and you can give an unqualified Certificate of Title. |
| CHL Mortgages |
Possibly, but you must advise us in writing in what way the lease is unsatisfactory before proceeding with the indemnity |
| Co-operative Bank plc | Yes, provided the lease defects are those normally covered by indemnity insurance where a Deed of Variation is not possible, you can give an unqualified Certificate of Title and the conditions in paragraph 9 are also satisfied. |
| Coventry Building Society | Yes, in some instances. Please contact CBS Instructing Office for clarification. |
| Danske Bank | If this situation arises, please contact us via the details provided at 1.10a. |
| DB UK Bank Ltd |
Yes, subject to the requirements of section 9 being met |
| Ecology Building Society |
Yes |
| First Direct | In some cases, please refer to us, see 1.10b for contact points |
| First Trust Bank | Yes, provided you are entirely satisfied that title indemnity insurance is an acceptable solution to the issue identified, that the issue identified does not contravene the requirements of section 5.10 regarding leases, that you can give an unqualified Certificate of Title and subject to the requirements of section 9 being met regarding indemnity insurance. |
| GE Money Home Lending Ltd | GE Money Home Lending has withdrawn from the UK mortgage market. |
| Godiva Mortgages Ltd | Yes, in some instances. Please contact GML Instructing Office for clarification |
| Halifax | Yes, subject to the requirements of section 9 being met. |
| Halifax Loans Ltd | Yes, subject to the requirements of section 9 being met. |
| Hampden & Co. plc | |
| HSBC UK Bank plc | In some cases, please refer to us. see 1.10b for contact points |
| HSMS |
As 1.10a |
| Intelligent Finance | Yes, subject to the requirements of section 9 being met. |
| ITL Mortgages | Yes, in some instances. Please contact ITL Instructing Office for clarification |
| Kensington Mortgage Company Ltd | Yes subject to the requirements of Section 9 of Part 1 being met and the policy also being the benefit of us, our transferees and our assignees. |
| Landmark Mortgages Limited |
If you consider that the terms of the lease are unsatisfactory you must obtain a Deed of Variation to remedy the defect or ensure that an indemnity policy is put in place. The original policy is to be lodged with us after completion. |
| Leeds Building Society | Please refer to Mortgage Lending Department (as per 1.10a). |
| Lloyds Bank plc | We may not lend but please refer the details to Mortgage Processing, please see 1.10. |
| Lloyds TSB Scotland plc | Please refer the details to Mortgage Processing. Please see 1.10a |
| M&S Bank | In some cases. please refer to M&S Bank |
| Mortgage Express |
Yes |
| Mortgage Express (No 2) |
Yes |
| National Westminster Bank plc |
Yes If you are of the view that the terms of the lease are unsatisfactory, we would request that you revert to the Landlord to have the lease terms varied or, alternatively where possible, agree for indemnity insurance to be effected before contacting us. |
| Nationwide Building Society |
Yes providing the policy covers the specific defect and meets the requirements in paragraph 9 of part 1. |
| New Street Mortgages | Yes subject to the requirements of Section 9 of Part 1 being met and the policy being the benefit of us, our transferees and our assignees. |
| NRAM Ltd | |
| Platform (a trading name of The Co-operative Bank p.l.c.) | No |
| Rooftop Mortgages Ltd |
No |
| Sainsbury's Bank | We will accept title indemnity insurance in this scenario provided that (a) the policy covers the specific defect in the terms of the lease and (b) meets the general requirements of paragraph 9 of Part 1. You should not submit your Certificate of Title until such time as we have confirmed we are happy to proceed. |
| Santander UK plc | We may accept indemnity insurance but the matter must be referred to us for confirmation that indemnity insurance is acceptable and for details of any additional requirements. |
| Scottish Widows Bank | Please refer the details to New Business Processing (see 1.10). |
| The Mortgage Business |
Yes, subject to the terms of Section 9 being met. |
| The Royal Bank of Scotland plc |
Yes If you are of the view that the terms of the lease are unsatisfactory, we would request that you revert to the Landlord to have the lease terms varied or, alternatively where possible, agree for indemnity insurance to be effected before contacting us. |
| TSB Bank plc | Please refer the details to Mortgage Processing. Please see 1.10a |
| UCB Home Loans Corporation Ltd |
Yes, policy to be sent with the deeds. |
| Ulster Bank |
Yes If you are of the view that the terms of the lease are unsatisfactory, we would request that you revert to the Landlord to have the lease terms varied or, alternatively where possible, agree for indemnity insurance to be effected before contacting us. |
| Virgin Money |
Yes, but only if it's not possible or practicable to obtain a deed of variation. |
| Yorkshire Building Society |
Yes, provided you are satisfied that such insurance is a solution to the difficulty identified and you can give an unqualified Certificate of Title. |