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The latest paragraphs for you to consider including in your Report on Title.

Text for Report on Title

ROT: Defective Leasehold Indemnity Insurance

Change date
16/08/2022
Word count
133
Deployment measure
7/10
Rationale

Crucial advice to client where defective title insurance is being recommended as an option to move forward where there is a defect in the lease. The paragraph seeks to link mortgageability and marketability. Graphs and charts are embedded but note that these are as at 1st June. Charts are updated as an option for e-ROT Generator firms only and should not be used unless your firm has an account.

Even though defective title insurance is an option for you, and indeed one that we would recommend, you should note that this does not remedy the insured defect. Where insurance …

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WhenIBought is a Lexsure service for homeowners who discover an issue when selling or remortgaging and wonder what was known, investigated or explained at the time of purchase. It offers a conversation about what happened and, where the records allow, what lenders required at the time. It does not determine whether anyone was at fault.