Legal Indemnity Insurance policies for issue by solicitors and conveyancers

No Search - Mortgagee

The No Search - Mortgagee legal indemnity insurance policy provides cover for the mortgage lender when they are prepared to lend against a single residential and/or commercial property based within England and Wales which the property owner already owns, without one or more formal searches in respect of:

  • local land charges
  • information held by the Local Authority
  • mining
  • water or sewerage services to the property

The property must have been occupiedthroughout the period of 6 months immediately before the date on which cover commenced.

The policy does not cover the buyer or owner of the property.

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Full Key Facts can be viewed by clicking here.

Key Features and Benefits

If, after the date that this policy commences, any adverse matter is discovered which would have been revealed by a search had it been carried out on the date of the mortgage advance, the policy provides cover for the following, up to your selected limit of indemnity *:

  • the amount of any financial charges registered against the property
  • the reduction in the value of the property.

The policy does not cover contaminated land or any matter of which the mortgage lender was aware at the date cover commences.

The policy does not provide cover for the owner of the property, except for the named lender when in possession.

The policy remains in force from its commencement date for the duration of the mortgage advance.


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