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    • Stetam
    • By Stetam 15th Sep 17, 6:42 PM
    • 4Posts
    • 0Thanks
    Indemnity Policy for transfer of equity
    • #1
    • 15th Sep 17, 6:42 PM
    Indemnity Policy for transfer of equity 15th Sep 17 at 6:42 PM
    I am currently in the process of remortgaging including a transfer of equity to add my fiances name to the title deeds of my house so the remortgage will be in both our names. No money is exchanging hands for the transfer of equity. I have just received the bill from the solicitor which needs to be paid in order to complete the transfer of equity and remortgage and it includes Indemnity insurances, it's listed twice on the bill, the first at £30 then the second at £135 making a total of £165 in indemnity insurance. I'm trying to understand what this insurance is for, it was never mentioned before this moment by my solicitor and I would like to know if it's optional or if it's required and if it is required is it something that I can shop around?
Page 1
    • Moriath
    • By Moriath 15th Sep 17, 6:50 PM
    • 28 Posts
    • 16 Thanks
    • #2
    • 15th Sep 17, 6:50 PM
    • #2
    • 15th Sep 17, 6:50 PM
    Ask your solicitor?
    • kingstreet
    • By kingstreet 15th Sep 17, 7:30 PM
    • 32,620 Posts
    • 17,560 Thanks
    • #3
    • 15th Sep 17, 7:30 PM
    • #3
    • 15th Sep 17, 7:30 PM
    I'll be Mystic Meg and consult my crystal ball.

    I'm going to go for Local Search Indemnity for the cheap one and Insolvency Indemnity for the other.
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
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