Absentee Landlord Indemnity Insurance
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Absent Freeholder: What Did Your Mortgage Lender Require When You Bought?
Historical lender requirements for an absent freeholder can matter when a flat becomes difficult to sell or remortgage. The original purchase may have completed with a mortgage and an indemnity policy. Years later, a buyer’s lender asks questions that nobody can answer. Why did the first lender proceed? Was the freeholder already missing? What was…
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Absentee Landlord Indemnity Insurance: Protection or Papering Over the Problem?
Absentee landlord indemnity insurance can address defined financial risks, but it cannot recreate a missing freeholder. We examine lender requirements, policy limitations and vesting orders.