Title insurance is now within the remit of the regulator

From Julian Sampson

I write in response to Bill Armstrong’s letter in the August 29 issue of MS.

There are a number of reasons Sue Read may have had to fund an insurance policy this time round but typically it would be because the law or the lender’s instructions had changed since the original purchase.

It is not the Law Society and PI underwriters who require us to implement title insurance at whatever stage, it is a direct instruction from the lenders set out in the CML Lenders Handbook and a reflection of our responsibility to the client to ensure they are fully protected.

It is true that Countrywide Legal Indemnities carries a Law Society endorsement but in my experience the major players in the conveyancing field use other insurers such as London &