|
Absent
Landlord (Flat/Maisonette) |
Where the landlord cannot be
identified and the lease does not allow the tenant a right to
enforce positive/restrictive covenants against other tenants.(Wording) |
|
Absent
Landlord (House) |
Where the landlord cannot be identified and the lease does not
allow the tenant a right to enforce positive/restrictive
covenants against other tenants.(Wording) |
|
Adverse
Possession |
Where paper title cannot be evidenced. (Wording) |
|
Breach of
Freehold Restrictive Covenant |
Where covenants are breached which restrict the use or type of
building. (Wording) |
|
Breach of
Restrictive Covenant in a Lease (Flat/Maisonette) |
Where covenants are breached which restrict the use or type of
building, flats apartments and maisonettes. (Wording) |
|
Breach of
Restrictive Covenant in a Lease (House) |
Where covenants are breached which restrict the use or type of
building for houses. (Wording) |
|
Building Over A Sewer (Lender Only) |
Where there is a building over a public sewer. (Wording) |
|
Chancel Repair
(Non-Successor) |
Where the property is located within a potentially liable parish
for Chancel Repair payments. (Wording) |
|
Chancel Repair
(Successor) |
Where the property is located within a potentially liable parish
for Chancel Repair payments. (Wording) |
|
Defective Lease |
Where the lease contains inadequate provisions as to
repair/maintenance of the building of which the property forms a
part or where the lease is otherwise defective.
(Wording) |
|
Defective Lease (Forfeiture of Headlease) (Lender Only) |
Where the lessor of a superior lease exercises or attempts to
exercise a legal right of re-entry and/or to enforce terms
and/or covenants contained in the superior lease.
(Wording) |
|
Defective
Lease (Forfeiture on Bankruptcy) (Lender Only) |
There is provision for the landlord to forfeit the lease upon
the tenant's bankruptcy. (Wording) |
|
Exercise of
Reserved Rights to Mine |
Where the property is subject to a reserved right to mine (Wording) |
|
Flying/Creeping
Freehold |
Where part of the residential property extends above or below
another property (Wording) |
|
Forced
Removal/Obstruction of a Right of Way |
Where there is a building over an existing Right of Way. (Wording) |
|
Freehold Flat |
The coverage for this known risk is limited to a duration of 25
years or the term of the mortgage, from the policy date,
whichever is the longer. (Wording) |
|
Good Leasehold |
Where the freehold title has not been proved to HM Land Registry
and someone else challenges the validity of the lease alone. (Wording) |
|
Good
Leasehold/Absentee Landlord |
Absentee Landlord - Where the landlord cannot be identified and
the lease does not allow the tenant a right to enforce
positive/restrictive covenants against other tenants. Good
Leasehold - Where the freehold title has not been proved to HM
Land Registry and someone else challenges the validity of the
lease. (Wording) |
|
Insolvency - Deed
of Gift/Undervalue Transaction (Lender Only) |
Where there has been a transfer of the land by a deed of gift or
at an undervalue. (Wording) |
|
Insolvency -
Purchase at Full Market Value |
Where there has been a transfer of land by a previous owner at
less than market value. (Wording) |
|
Lack of
Building Regulations/FENSA Certificate |
Alterations or additions or replacement windows were made
without former building regulations approval/receipt of FENSA
Certificate (if applicable) (Wording) |
|
Lack
of Building Regulations/Planning Permission/FENSA Certificate |
Building Regs/FENSA Certificate - Alterations or additions or
replacement windows were made without former building
regulations approval/receipt of FENSA Certificate (if
applicable) (Wording) |
|
Lack of
Drainage / Service Media / Water Supply |
Where there are no or inadequate legal rights of
drainage/service media/water supply to the residential property.
(Wording) |
|
Lack of Easement -
Pedestrian Access |
Where there are no or inadequate legal rights of pedestrian
access to the property. (Wording) |
|
Lack of Easement - Vehicular Access |
Where there are no or inadequate legal rights of vehicular
access to the property. (Wording) |
|
Lack
of Planning Permission |
Alterations/additions to the residential property were made
without former planning permission. (Wording) |
|
Listed Building Consent
(Lender-only) |
Where it is not evident that relevant listed building consent
has been obtained for alterations. (Wording) |
|
Local Authority Search - No Search for Purchase Transactions |
Where no formal search of the Local Authority Land Charges,
Water Service Company and/or Coal Authority registers in
accordance with forms LLC1 and CON 29/29R/29DW/29M have been
applied for. (Wording) |
|
Local Authority Search - No Search for Remortgage Transactions |
Where no formal search of the Local Authority Land Charges,
Water Service Company and/or Coal Authority registers in
accordance with forms LLC1 and CON 29/29R/29DW/29M have been
applied for. (Wording) |
|
Local Authority Search - Search Delay for Purchase Transactions |
Where formal searches of the Local Authority Land Charges, Water
Service Company and/or Coal Authority registers in accordance
with forms LLC1 and CON 29/29R/29DW/29M have been applied for
but there is a delay in receiving these back.
(Wording) |
|
Local Authority Search - Search Delay for Remortgage
Transactions |
Where formal searches of the Local Authority Land Charges, Water
Service Company and/or Coal Authority registers in accordance
with forms LLC1 and CON 29/29R/29DW/29M have been applied for
but there is a delay in receiving these back.
(Wording) |
|
Local Authority Search - Search Validation for Purchase
Transactions |
Where existing searches of the Local Authority Land Charges,
Water Service Company and/or Coal Authority registers in
accordance with forms LLC1 and CON 29/29R/29DW/29M are more than
three months old. (Wording) |
|
Local Authority Search - Search Validation for Remortgage
Transactions |
Where existing searches of the Local Authority Land Charges,
Water Service Company and/or Coal Authority registers in
accordance with forms LLC1 and CON 29/29R/29DW/29M are more than
three months old. (Wording) |
|
Maisonette
Indemnity |
Where the lease contains inadequate provisions as to
repair/maintenance of the building of which the property forms a
part or where the lease is otherwise defective |
|
Missing Deed refers to
easements, rights or other provisions which are unknown |
Where there is reference to a deed containing easements, rights
or other provisions which are unknown |
|
Missing Lease refers to
easements, rights or other provisions, which are unknown |
Where there is reference to a lease containing easements, rights
or other provisions which are unknown |
|
Outstanding
Charges entry (C iv) |
Where there is an outstanding Land Charges Entry C iv registered
against the property. |
|
Possessory Title |
Where HM Land Registry have given a possessory title and no
state indemnity is provided |
|
Rent
Charge |
An annual/periodic sum due to a third party |
|
Title Subject to a
Lease (referred to in the Charges Register) |
Where the title makes reference to a lease but the contents are
unknown |
|
Title
Subject to a Leasehold Enlargement Qualification |
Where the owner of a reversionary interest attempts to
take back the land |
|
Title Subject to Rights or Reservations |
Where the title is subject to third party rights |
|
Unknown
Freehold Restrictive Covenants referred to in the Title or a
Deed which is missing |
Where a deed or the registered title makes reference to
restrictive convenants but the contents are unknown |