What is legal indemnity insurance?
Sometimes there is a defect in the title or paperwork for the property. This could be anything from a restriction placed on the title or the lack of building regulation approval for an extension to the property. The quickest and cheapest way to protect a buyer is to give indemnity insurance, which will protect the buyer against any action taken by a third party. A one-off premium will have to be paid. It’s usually between £150 – £250 and paid by the seller of the property.
