a new way of thinking

Residential Title Insurance for Solicitors in Northern Ireland Integrating title insurance into your practice will: Save Time and Reduce Costs Your investigative work can be greatly reduced. Provide Peace of Mind Settle transactions knowing your client is protected and that covered claims will not typically affect your professional indemnity insurance.

title insurance - a new way of thinking

Title insurance has traditionally been obtained to resolve a title problem when all other avenues have been exhausted. Solicitors are increasingly realising the benefits of using title insurance earlier in conveyancing transactions, as title issues can be resolved more rapidly than by using conventional methods.

More Than Just Title Insurance Title insurance protects owners, their successors in title and their lenders against losses associated with a defect in the title. Our coverage can encompass:

Defective Title Cover is available for specific identified defects such as lack of access and services easements, inadequate or inaccurate descriptions, missing consents or other links in title issues.

Insolvency Cover against the risk of loss for lenders and successors in title in transactions that are at undervalue or for no value, such as transfers between spouses.

Covenants Cover for transactions where there has been or will be a breach of covenants in the title.

Cover can also be customised for other title-related problems.

title insurance - a new way of thinking

Title Insurance and The CML Lenders’ Handbook The Council of Mortgage Lenders (CML) Lenders’ Handbook for Northern Ireland regulates the procedures and due diligence required by lenders in Scotland. Section 9 of Part 1 of the Handbook requires solicitors acting for lenders to arrange “… an indemnity insurance policy whenever the Lenders’ Handbook identifies that this is a course required by or acceptable to us to ensure that the property has a good and marketable title at settlement.”

Simplify Your Re-mortgage Transactions The processing of re-mortgages either in bulk or on an individual basis is a competitive area of legal practice. Stewart Title offers a range of policies for such cases to help complete re-mortgages with ease: At its most basic, a Stewart Title policy allows re-mortgages to complete without obtaining a reply to the usual form of property certificate from the local council, the Department of the Environment, the Northern Ireland Housing Executive, and the Statutory Charges Register. The policy protects the lender against loss in respect of an adverse entry that should or could have been disclosed on a Property Certificate had the search been done. Cover includes questions normally asked on a property certificate, and can also include questions about water and drainage, as well as mining searches. The policy can also be extended to cover a range of title and other off-title risks.

Benefits of Using Stewart Title Risk Management Solutions Stewart Title’s policies provide peace of mind and help you save time and money. We can provide cover for title problems to help settle your client’s transaction on time. Proven Experience Stewart Title employs knowledgeable and approachable Scottish underwriters who are experienced in the law and title insurance. Excellent Claims Handling Our experience and expertise ensures that all claims are resolved fairly and efficiently. Stewart Title Assists Your Practice Stewart Title offers a full range of policies with competitive premiums to address title problems. Application forms are provided for the more common risks. Our experienced underwriters are available to discuss your title issue and requirements. In addition, making a claim with Stewart Title is easy and trouble-free, with no need to file a claim against a solicitor’s professional indemnity insurance or do any investigation work. Stewart Title deals with claims against a covered risk, saving solicitors time, inconvenience and stress.

title insurance - a new way of thinking

Support of Parent Company Stewart Title’s parent company has more than 100 years of experience providing title insurance and related products. Today, as one of the largest title insurance companies in the world, Stewart’s products are available in more than 60 international markets. Discover

the

benefits

of

integrating

title

insurance into your practice, contact us on 01698 501 300

01698 501 300

[email protected] www.stewarttitle.co.uk Stewart Title Limited, Suite F7, Phoenix House, Phoenix Crescent, Strathclyde Business Park, Bellshill ML4 3NJ Stewart Title Limited is authorised and regulated by the Financial Services Authority. Registered in England and Wales No: 2770166 Registered office address: 6 Henrietta Street, Covent Garden, London WC2E 8PS Tel. 020 7010 7820 This brochure is intended to provide general information only. Please refer to our policies for full cover details.

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