Sunday, 25 January 2015

Kensington Mortgage Conveyancing Panel Witness P2 Changes to Insurance Requirements

Kensington Mortgages have changed their policy when it comes to building insurance checks to be conducted via lawyers acting on their behalf on conveyancing matters. 

Via changes to their CML Handbook provisions Kensington Mortgages now require that he maximum excesses on building insurance for a property that they are lending on do not exceed £1000 for subsidence and £500 for all other risks.

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