We have an update for you regarding indemnity search insurance:
- We are accepting Personal Searches and Search Insurance for all house purchase applications for the month of June to assist customers wanting to complete purchases prior to the stamp duty deadline.
- Personal Searches must be carried out by a firm regulated under the PCCB Board, ensuring the appropriate Indemnity cover is in place.
- Any Search Insurance must cover both the Borrower and the Society and be for the market value of the property and term of the mortgage.
Whilst we already accept this for remortgages, we have opened this up to support purchasing customers as well during a potentially anxious time.
If you have any queries, please email e.smith@hrbs.co.uk. Solicitors and conveyancers should refer to the UK Finance Lender’s Handbook for further details regarding this, or contact advances@hrbs.co.uk
