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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 &


Portman panel cut slammed

Portman and The Mortgage Works have been criticised for reducing their surveying panel to just five firms. Jonathan Cornell, technical director of Hamptons International Mortgages, says by doing this they are disadvantaging everyone as well as reducing competition. Portman has decided to reduce the panel to Colleys, Wolton, Chancellors, e.surv and Countrywide/SPS. It has also […]

Treating customers fairly – what?

Those who think the regulator’s TCF initiative is insulting to the integrity of the insurance industry have not experienced the impact when things go wrong, says Richard Griffiths

Mortgage Choice joins Freedom Lending’s panel

Mortgage Choice, the specialist mortgage packager, has joined Freedom Lendings panel of mortgage distributors.Mortgage Choice, which is based in Sale near Manchester and is a member of the Professional Mortgage Packagers Alliance, will market the entire Freedom Lending product range which includes self-cert, buy-to-let, let-to-buy and its On-Track sub-prime range, to mortgage brokers throughout the […]

Borrowers switching to discounts top savers

Research from Your Move has revealed that borrowers switching to discounted rates pocket the highest savings in more than a year.First year savings on discounted variable rates have reached their highest level for over a year with rates at their lowest since last summer, spurred on by the base rate cut. Your Moves August Remortgage […]


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