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Indemnifying against Local Authority searches
Comments
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The vast majority of lenders do accept insurance:Flugelhorn said:
If they all accepted indemnity why would anyone bother with searches?Edenbridge said:Will depend on your mortgage provider.
Some will accept no search indemnity insurance some won’t.
https://lendershandbook.ukfinance.org.uk/lenders-handbook/englandandwales/question-list/2081/
I suspect it's driven largely by the conveyancers, who might find it a good excuse to introduce somebody else into the process who is even slower then them...
Seriously though, I don't know why people in England & Wales are still getting searches directly from the councils. In Scotland we gave up on that years ago and everybody gets searches from private providers - typically with a turnaround time of a couple of days rather than a couple of months.0
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