Heathwoods works with conveyancers and solicitors involved in property-based transactions. Legal indemnity insurance covers the buyer and the mortgage lender in the event of any loss of value on the property as a result of the defect. The indemnity policy doesn’t actually remedy the defect – it just provides financial compensation in the event of the defect causing a loss.
We can arrange cover with limits in excess of £200m so we can accommodate all sizes of contract and risk type. Whether the problem be straightforward or a complex matter affecting a property transaction, you can expect a swift turnaround and solution.
Providing Insurance solutions for Construction projects and Property Owners, Heathwoods understands issues that can prejudice your client’s ability to obtain a mortgage.