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Question: 9.2. What limit of indemnity insurance do you require?

Lender Answer
Accord Buy to Let An amount at least equal to the amount of the mortgage advance. Any indemnity insurance policy must protect the borrowers, any successors in title and any heritable creditor.
Accord Mortgages Ltd An amount at least equal to the amount of the mortgage advance. Any indemnity insurance policy must protect the borrowers, any successors in title and any heritable creditor.
Adam & Company An amount equal to the value of the property
Adam & Company International An amount equal to the value of the property
Aldermore Bank PLC 110% of the purchase price or valuation, whichever is greater.

Any indemnity insurance policy must be for our benefit, that of any transferee/assignee (legal or beneficial) of the mortgage and also the borrower(s).
Allied Irish Bank (GB), a trading name of AIB Group (UK) The higher of the open market value or purchase price of the property, index linked.
Atom Bank plc At least the open market value of the property according to the valuation report. The policy must be index linked.
Aviva Equity Release UK Ltd The full value of the property as specified in the valuation.
Bank of China Cover to full value of the property or the Mortgage Advance, whichever is the higher.
Bank of Ireland (UK) plc The limit of indemnity must be an amount not less than the market value of the property.
Bank of Ireland as Bank of Ireland Mortgages The limit of indemnity must be an amount not less than the market value of the property.
Bank of Scotland Beginning A Not less than the mortgage advance plus 10%.
Bank of Scotland Beginning O Not less than the mortgage advance plus 10%.
Barclays Bank UK PLC Higher of purchase price or valuation
Birmingham Midshires An amount equal to at least 110% of the purchase price or value, whichever is higher
Bluestone Mortgages An amount at least equal to the total mortgage advance. Any indemnity insurance policy must protect the borrowers, any successors in title and any heritable creditor.
Bradford & Bingley Limited Amount + 15%.
Britannia, a trading name of The Co-operative Bank plc Cover to full value of the property
Chelsea Building Society (a trading name of Yorkshire BS) An amount at least equal to the amount of the mortgage advance. Any indemnity insurance policy must protect the borrowers, any successors in title and any heritable creditor.
Clydesdale Bank plc Open market value of the property
Co-operative Bank plc An amount equal to at least 110% of the mortgage advance.
Coutts An amount equal to the value of the property
Coventry Building Society Minimum of the value of the property
Darlington Building Society The higher of value or purchase price of the property.
DB UK Bank Ltd A amount at least equal to the mortgage or credit limit, whichever the higher, and the policy must be assignable
Ecology Building Society An amount equal to at least 110% of the mortgage advance
First Direct The policy must be for at least the value of the property
Foundation Home Loans An amount equal to 110% of the valuation or purchase price - whichever is the greater.
Furness Building Society Property valuation or purchase price, whichever is the greater.
GE Money Home Lending Ltd GE Money Home Lending has withdrawn from the UK mortgage market.
Godiva Mortgages Ltd Minimum of the value of the property
Halifax An amount at least equal to the mortgage advance.
Halifax Loans Ltd An amount at least equal to the mortgage advance.
Hampden & Co. plc The open market value of the property according to the valuation report.
Handelsbanken Purchase price or 110% of mortgage advance, whichever is the greater.
Hodge An amount equal to the purchase price or value, whichever is higher. Any indemnity insurance policy must be for our benefit, that of any transferee/assignee of the mortgage, the borrower(s) and any successor in Title.
Hodge Equity Release An amount equal to the purchase price or value, whichever is higher. Any indemnity insurance policy must be for our benefit, that of any transferee/assignee of the mortgage, the borrower(s) and any successor in Title.
HSBC UK Bank plc The policy must be for at least the value of the property
HSMS Amount of loan + 15%.
Intelligent Finance An amount at least equal to the total of the initial mortgage advance plus any pre-agreed reserve. These amounts will be shown in the mortgage instructions.
ITL Mortgages Minimum of the value of the property
Kensington Mortgage Company Ltd Must be for a minimum of 110% of the purchase price or valuation whichever is the greatest.
Landbay Partners Limited An amount equal to 100% of the property valuation or purchase price (whichever is the greater).
Landmark Mortgages Limited Full market value of the property. You are required to approve the terms of the policy on our behalf.
Leeds Building Society An amount at least equal to the amount of the mortgage advance plus 10%. Any indemnity insurance policy must protect the borrowers, any successor in title and any Mortgagee.
Legal & General Home Finance Ltd The policy should be for the full market value of the property and indexed linked. The policy must be for our benefit, and for the benefit of the borrower where available. The policy must benefit all successors and assigns.
LendInvest The amount at least equal to the valuation of the property.
LiveMore Capital An amount equal to the purchase price or value of the property, whichever is higher
Lloyds Bank plc pre fixed 40 The value of the property
Lloyds Bank plc pre fixed 50 The value of the property
Lloyds TSB Scotland plc The value of the property
M&S Bank The policy must be for at least the value of the property
Magellan Homeloans At least equal to the value of the property
Masthaven Bank An amount at least equal to the total mortgage advance. Any indemnity insurance policy must protect the borrowers, any successors in title and any mortgagee.
Metro Bank Plc The open market value of the property according to the valuation report.
Mortgage Agency Services 110% of the purchase price or valuation, whichever is greater
Mortgage Express Amount of loan + 15%.
Mortgage Express No 2 Amount of loan + 15%.
National Westminster Bank plc An amount equal to the value of the property
Nationwide Building Society Purchase price (valuation figure on remortgage or if price is at a discount) escalating at 5% p.a. for 10 years ?
Nedbank Private Wealth Ltd You are to refer to us for specific instructions on any matter involving indemnity insurance.
New Street Mortgages Must be for a minimum of 110% of the purchase price or valuation whichever is the greatest.
NRAM Ltd Full market value of the property. You are required to approve the terms of the policy on our behalf.
Paragon Buy to Let Mortgages At least the open market value of the property.
Platform (a trading name of The Co-operative Bank p.l.c.) 110% of the prinicpal sum.
Precise Mortgages (Charter Court Financial Services Ltd) An amount at least equal to 110% of the mortgage valuation.
Rooftop Mortgages Ltd The value of the property for mortgage purposes as disclosed in the valuation.
Sainsbury's Bank An amount equal to the higher of the value of the property or the purchase price.
Santander UK plc The purchase price or (if lower) 110% of the mortgage advance.
Scottish Building Society Amount of mortgage plus 25%.
Scottish Widows Bank The value of the property
Skipton Building Society For lender only cover we will accept a minimum of 110% (index-linked) of the amount of the loan.
St James Place Bank An amount at least equal to the initial mortgage advance plus any pre-agreed reserve. These amounts will be shown in the mortgage instructions.
The Mortgage Business At least equal to the Mortgage Advance/Credit Limit.
The Mortgage Lender Limited An amount at least equal to the mortgage advance.
The Mortgage Works The full value of the property.
The Royal Bank of Scotland plc An amount equal to the value of the property
The Royal Bank of Scotland plc Direct Line Mortgages An amount equal to the value of the property.
The Royal Bank of Scotland plc Direct Line One An amount equal to the value of the property.
The Royal Bank of Scotland plc First Active An amount equal to the value of the property.
The Royal Bank of Scotland plc Natwest one Account An amount equal to the value of the property.
The Royal Bank of Scotland plc One Account An amount equal to the value of the property.
The Royal Bank of Scotland plc Virgin One An amount equal to the value of the property.
Topaz Finance Ltd Valuation or Purchase Price, whichever is the higher. The policy must always benefit the borrower and any subsequent owner or mortgagee - the policy must be index linked.
TSB Bank plc The value of the property
UCB Home Loans Corporation Ltd The full amount of the property.
Ulster Bank An amount equal to the value of the property
Vida Homeloans It must be for a minimum of 110% of the purchase price or valuation, whichever is greater
Virgin Money We require the full market value of the property. Where this isn't available, we'll accept the loan amount as a minimum.
Whistletree (a trading name of TSB Bank plc) Full market value of the property. You are required to approve the terms of the policy on our behalf.
Yorkshire Bank Home Loans Ltd Open market value of the property
Yorkshire Building Society An amount at least equal to the amount of the mortgage advance. Any indemnity insurance policy must protect the borrowers, any successors in title and any heritable creditor.