Process update: Foundation Home Loans now accept search indemnity insurance for purchases as well as remortgages
Foundation Home Loans now accept ‘No-Search Indemnity’ insurance for purchases as well as remortgages
We are pleased to advise you that we will now accept ‘No-Search Indemnity Insurance’ for all purchase and remortgage transactions, with the exception of purchase and re-mortgage transactions involving HMO and MUB properties.
Solicitors can place the policy on risk at Completion in lieu of Local Authority and other Searches.
We continue to simplify the mortgage process wherever possible, to support you in getting as many of your clients as possible to completion before the March 31st Stamp Duty Reduced Rates Deadline.
Additionally, during the Covid-19 period only, in relation to purchase transactions where Local and other searches have reached their 6-month maturity, we will also accept Search Expiry Insurance.