Title Indemnity Insurance

gonefishing2

I'm hoping for some opinions.

We are top of a short chain, ( we are executors selling our deceased parents' property). Our buyers buyer is selling their housing association property (shared ownership) to a first time buyer.

After waiting several months, it has been decided by the first time buyers conveyancer that there is an issue with the title on the social housing property, which required an LR AP1 application to correct, due to a previous switch from one housing association to another, which was not recorded at the LR, so name was wrong.

An expidited application was submitted by the current housing association to correct this, but LR raised a requisition (reason to us unknown) which requires information from the original housing association.

Our solicitor has since been advised through the chain of conveyancers that the current housing association legal team has tried a different route to get this resolved more quickly, but have still not been forthcoming with what the issue is.

Does it sound as though this is an issue that might possibly be dealt with by Indemnity Insurance. Our solicitor says no, but all the research I've done seems to indicate that it would be possible. We'd quite happily cover the cost, if it meant a quick exchange/completion, but our solicitor seems reluctant to pass it down the chain.

Any views would be much appreciated

Thanks

Woodstok2000

It sounds like your solicitor may be best placed to advise you. If you doubt their advice for any reason, maybe get a second opinion form a qualified professional who can review all the relevant facts. That will give you a better outcome than here.