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Question: 5.14.15. Does the lender accept indemnity insurance if the landlord is absent or insolvent?

Lender Answer
Accord Buy to Let Yes, provided you are satisfied that such insurance is a solution to the difficulty identified and you can give an unqualified Certificate of Title. You must retain a copy of any insurnace policy on your file.
Accord Mortgages Ltd Yes, provided you are satisfied that such insurance is a solution to the difficulty identified and you can give an unqualified Certificate of Title. You must retain a copy of any insurance policy on your file.
Adam & Company No, but may be accepted with our prior written approval. Please refer individual cases See 1.11
Adam & Company International No, but may be accepted with our prior written approval. Please refer individual cases. See 1.11

Ahli United Bank (UK) plc Please refer to Central Administration Unit
Aldermore Bank PLC Yes, subject to the requirements of Section 9 of Part 1 being met and the policy being for our benefit and the benefit of our Transferees.
Allied Irish Bank (GB), a trading name of AIB Group (UK) Refer to AIB Group (UK) plc, Central Securities (GB)
Atom Bank plc Yes, provided you are satisfied that such insurance is fully comprehensive and is a solution to the difficulty identified and you can give an unqualified Certificate of Title. You must retain a copy of any insurance policy on your file.
Aviva Equity Release UK Ltd Yes
Bank of Ireland (UK) plc Only if such insurance covers us in the event of a failure to insure or repair the common parts and services.
Bank of Ireland as Bank of Ireland Mortgages Only if such insurance covers us in the event of a failure to insure or repair the common parts and services.
Bank of Scotland Beginning A Yes, subject to the requirements of section 9 being met
Bank of Scotland Beginning O Yes, subject to the requirements of section 9 being met.
Barclays Bank UK PLC Yes, if fully comprehensive
Barnsley Building Soc, a trading name Yorkshire Building Soc Yes, provided you are satisfied that such insurance is a solution to the difficulty identified and you can give an unqualified Certificate of Title. You must retain a copy of any insurance policy on your file.
Birmingham Midshires Yes, subject to the requirements of section 9 being met.
Bluestone Mortgages No.
Bradford & Bingley Plc Yes
Britannia, a trading name of The Co-operative Bank plc Yes
Buckinghamshire Building Society Please refer tot he society.
Buckinghamshire Building Society, High Street,
Chalfont St Giles, Bucks,
HP8 4QB
e-mail mortgages@bucksbs.co.uk
Tel: 01494 879517
Fax: 01494 877259
Capital Home Loans Yes, providing the Title remains good and marketable and section 9 has been complied with.
Chelsea Building Society (a trading name of Yorkshire BS) Yes provided you are satisfied that such insurance is a solution to the difficulty identified and you can give an unqualified Certificate of Title. You must retain a copy of any insurance policy on your file.
Clydesdale Bank plc Yes, if the requirements of section 9 are met.
Co-operative Bank plc Yes
Coutts No, but may be accepted with our prior written approval. Please refer individual cases. See 1.11
Coutts Finance Co No, but may be accepted with our prior written approval. Please refer individual cases. See 1.11
Coventry Building Society Yes. Provided that you are satisfied that the insurance will make the title good and marketable.
Cynergy Bank We will consider on a case by case basis.
Darlington Building Society Yes, but refer individual cases prior to submitting Certificate of Title
DB UK Bank Ltd Yes, subject of the requirements of Section 9 being met
Dudley Building Society Yes. Insurance must be sufficient to cover lease requirements.
Earl Shilton Building Society Yes
Ecology Building Society Yes
Family Building Soc (a trading name of National Counties BS) Yes.
Fleet Mortgages Yes. However, your attention is drawn to 9.1 below.
Foundation Home Loans We will accept such policies in limited circumstances on a case by case basis. The policies must be adequate and if this means that the Policy is to be bespoke (i.e. not a self-write) then it is our requirement that such a policy is to be taken. You must be satisfied that the insurance will make the title good and marketable and you can give an unqualified Certificate of Title.
Furness Building Society No
GE Money Home Lending Ltd GE Money Home Lending has withdrawn from the UK mortgage market.
Godiva Mortgages Ltd Yes. Provided that you are satisfied that the insurance will make the title good and marketable.
Habito Yes. Provided that you are satisfied that the insurance will make the title good and marketable.
Halifax Yes, subject to the requirements of section 9 being met.
Halifax Loans Ltd Yes, subject to the requirements of section 9 being met.
Hampden & Co. plc No, but may be accepted with our prior written approval. Please refer individual cases. See 1.11.
Handelsbanken Yes, if fully comprehensive.
Harpenden Building Society Generally, no
Hinckley and Rugby Building Society Yes.
Hodge Equity Release Yes, provided you are satisfied that such insurance is a solution to the problem identified and you can give an unqualified Certificate of Title. The conditions in paragraph 9 must also be satisfied. Please add details of the Policy provider and the Policy number on the Certificate of Title and retain a copy on your file.
Hodge Life Yes provided you are satisfied that such insurance is a solution to the problem identified and you can give an unqualified Certificate of Title. The conditions in paragraph 9 must also be satisfied. Please add details of the Policy provider and the Policy number on the Certificate of Title and retain a copy on your file.
Holmesdale Building Society No.
HSBC UK Bank plc Yes, indemnity insurance is acceptable. We will also require you to make a retention equivalent to six (6) years ground rent
Intelligent Finance Yes
Investec Bank plc Yes, if fully comprehensive.
ITL Mortgages Yes. Provided that you are satisfied that the insurance will make the title good and and marketable.
JPMorgan Chase Bank, N.A. Refer to office issuing Mortgage Instructions.
Kensington Mortgage Company Ltd Yes subject to the requirements of Section 9 of Part 1 being met and the policy being the benefit of us, our transferees and our assignees.
Kent Reliance (a trading name of OneSavings Bank plc) We only lend if (a) there are 6 or less flats in the building and (b) appropriate indemnity insurance covering the issue is in place.
Keystone Property Finance Please refer the matter to the contact details in 1.11a. You must be satisfied that the insurance will make the title good and marketable and you can give an unqualified Certificate of Title
Landbay Refer to the completions team Legals@landbay.co.uk
Landmark Mortgages Limited If there is an absentee landlord we are prepared to proceed upon your confirmation that the position is accepted by practitioners in the locality and provided the landlord is not obligated by the terms of the lease to maintain, repair and insure any common services or to enforce such obligations against a third party. In the case of insolvent landlords refer to our New Mortgage Completions.
Leeds Building Society Yes, provided you are satisfied that such insurance is a solution to the difficulty identified and you can give an unqualified Certificate of Title. You must retain a copy of any insurance policy on your file.
Legal & General Home Finance Ltd Please refer to the underwriting department. If indemnity insurance is accepted you must ensure that the insurance will make the title good and marketable and the insurance policy complies with the requirements of section 9.
LendInvest Yes. However, your attention is drawn to 9.1 below.
Lloyds Bank plc pre fixed 20/40 Indemnity insurance is required if we agree to lend.
Lloyds Bank plc pre fixed 50/30/77 Indemnity insurance is required if we agree to lend.
Lloyds TSB Scotland plc Indemnity insurance is required if we agree to lend.
M&S Bank Yes indemnity insurance is acceptable. we will also require you to make a retention equivalent to 6 (six) years ground rent
Magellan Homeloans Yes, providing the Title remains good and marketable and section 9 has been complied with
Manchester Building Society Yes, the limit of indemnity must equal the purchase price or valuation.
Market Harborough Building Society No
Masthaven Bank No.
Metro Bank plc Refer to Mortgage Completions Team, see 1.11.
Molo Finance Buy to Let Mortgages No.
Monmouthshire Building Society Yes provided you are satisfied that such insurance is a solution to the problem identified and you can give an unqualified Certificate of Title. The conditions in paragraph 9 must also be satisfied. Please add details of the Policy provider and the Policy number on the Certificate of Title and retain a copy on your file.
Mortgage Agency Services Yes
Mortgage Express Yes
Mortgage Express No 2  
National Counties Building Society Yes.
National Westminster Bank plc Yes
Nationwide Building Society Yes, providing there are no more than 6 flats in the building (no need to contact the Issuing Office)-7 flats or more unacceptable
Nedbank Private Wealth Ltd You must refer to us
New Street Mortgages Yes subject to the requirements of Section 9 of Part 1 being met and the policy being the benefit of us, our transferees and our assignees
NRAM Ltd If there is an absentee landlord we are prepared to proceed upon confirmation that the position is accepted by practitioners in the locality and provided the landlord is not obliged by the terms of the lease to maintain, repair and insure any common services or to enforce such obligations against a third party. In the case of insolvent landlords refer to 11.1a.
Paragon Buy to Let Mortgages Generally no, but:-
1. Where the security comprises a house we may be prepared to accept a suitable indemnity policy if the landlord is absent or insolvent where the lease term is a long lease such as 999 years or similar.
2. Where the security comprises a flat please refer the matter to the contact details in 1.11a.
Paragon Residential Owner-Occupied Mortgages Generally no, but:-
(i) Where the security comprises a house, we may be prepared to accept a suitable indemnity policy if the landlord is absent or insolvent where the lease term is a long lease such as 999 years or similar.
(ii) Where the security comprises a flat, we may be prepared to accept a suitable indemnity policy if the landlord is absent or insolvent if:-
1. the term of the lease remaining at the end of the mortgage is a minimum of 100 years; and
2. there are no more than two flats in the block; and
3. there is sufficient evidence that the owners of the flats are performing the obligations imposed on the landlord, particularly, in respect of repairing and insuring the building.
Paratus AMC Ltd We will accept such policies in limited circumstances on a case by case basis. The policies must be adequate and if this means that the Policy is to be bespoke (i.e. not a self-write) then it is our requirement that such a policy is to be taken. You must be satisfied that the insurance will make the title good and marketable and you can give an unqualified Certificate of Title.
Parity Trust Refer to 1.7
Parity Trust Refer to 1.7
Pepper Money No, Pepper Money does not lend where the landlord is absent or insolvent.
Pepper Money (PUK) No, Pepper Money does not lend where the landlord is absent or insolvent.
Platform (a trading name of The Co-operative Bank p.l.c.) Yes.
Precise Mortgages (Charter Court Financial Services Ltd) Yes - provided that the insurance makes the title good and marketable. We require you to make customer(s) fully aware of the possible implications.
Principality Building Society Yes - provided you are satisfied that such insurance is a solution to the problem identified and you can give an unqualified Certificate of Title. The conditions in section 9 must also be satisfied. You must provide us with a copy of the Policy and retain a copy of the Policy on your file.
Rooftop Mortgages Ltd Please refer the property specific details to the address shown on the mortgage offer.
Saffron Building Society Yes - subject to the terms of Section 9 of Part 1 of the Handbook, and the policy being for our benefit and the benefit of our Transferees
Sainsbury's Bank We will not lend where there is an absent or insolvent landlord.
Santander UK plc We may accept indemnity insurance but the matter must be referred to the Mortgage Operations office instructing you for confirmation that indemnity insurance is acceptable and for details of any additional requirements.
Scottish Building Society  
Scottish Widows Bank Yes.
Secure Trust Bank PLC Yes, subject to the requirements of Section 9 of Part 1 being met and the policy being for our benefit and the benefit of our Transferees.
Skipton Building Society Yes, as long as our successors in title including purchasers on a repossession sale are also entitled to the benefit of the policy.
St James Place Bank Yes.
State Bank of India UK Please refer to contact point in 1.11a with full details of the situation and your recommendation/advice.

If we do agree to lend, indemnity insurance will be required.
Swansea Building Society No
Tesco Bank (a trading name of Tesco Personal Finance plc) Yes.
The Mortgage Business Yes, subject to the requirements of section 9 being met.
The Mortgage Lender Limited No. We are not prepared to lend in these circumstances.
The Mortgage Works Yes, for the full purchase price/value whichever is the higher
The Royal Bank of Scotland plc Yes.
The Royal Bank of Scotland plc Direct Line Mortgages Yes.
The Royal Bank of Scotland plc Direct Line One Yes.
The Royal Bank of Scotland plc First Active Yes.
The Royal Bank of Scotland plc Natwest one Account Yes.
The Royal Bank of Scotland plc One Account Yes.
The Royal Bank of Scotland plc Virgin One Yes.
The Tipton & Coseley Building Society No, we do not lend in these circumstances.
Together Personal Finance Limited Yes, as long as the conditions set out in 5.4.7 of Part 1 are satisfied.
Topaz Finance Ltd No.
TSB Bank plc Indemnity insurance is required if we agree to lend.
Ulster Bank Ltd Yes.
Vida Homeloans No - Vida Homeloans will not accept an indemnity in this situation or lend if the landlord is absent or insolvent
Virgin Money No. Instead refer to:
Mortgage Processing
Operations
Virgin Money
Jubilee House
Gosforth
Newcastle upon Tyne
NE3 4PL

or DX 60350 Gosforth

Solicitors Helpline: 0845 604 4858

If the landlord is absent, we'll lend if you confirm:
- that the position is accepted by practitioners in the local area of the property; and
- the landlord isn't required by the lease to maintain, repair or insure any common areas/services or to enforce such obligations against 3rd parties.
Whistletree (a trading name of TSB Bank plc) Yes, Indemnity Insurance is required
Yorkshire Bank Home Loans Ltd Yes, if the requirements of section 9 are met.
Yorkshire Building Society Yes, provided you are satisfied that such insurance is a solution to the difficulty identified and you can give an unqualified Certificate of Title. You must retain a copy of any insurance policy on your file.
Zephyr Mortgages No.