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Transfer Of Equity and Lender Indemnity insurance

bigstevex Posts: 919 Forumite

19 August 2023 at 3:45PM in Mortgages & endowments

Hit a small but trivial issue with divorce/equity transfer.

The solicitor for the mortgage company are saying there is a ~£150 indemnity policy to for to protect the lender for the transfer of equity. This makes no sense as there is a sealed court order being followed from the divorce/family court. Should I be challenging this or is this always needed. We started the transfer prior to the consent order being sealed but they know its sealed/official now so not sure what the indemnity will cover!

Anyone ever had this?

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Transfer Of Equity and Lender Indemnity insurance

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