Product news and updates

New cover for lenders where there is no mortgagee protection clause [22/12/2020]

In some older leases, and not uncommonly, a mortgagee protection clause may be absent. This can be a cause for concern for lenders, as they risk facing losses under the mortgage as a result of totally unforeseen forfeiture proceedings.

We are delighted to announce that our new policy provides a simple, cost-effective solution to this risk, with premiums starting at just £225 for a policy limit of £50,000.  For more information or to get a quote, look for the ‘Defective Lease’ heading on our products page, or contact an underwriter directly on 01603 761515 or enquiries@isisconveyancing.co.uk