Good Leasehold Title describes the circumstances where a Leasehold interest in a Property can be registered without there being clarity regarding the freehold ownership. It is possible that a party may come along claiming the freehold ownership of the property to the detriment of the leasehold title.
In what circumstances is the product needed?
Where a Property has been registered at the Land Registry with good leasehold title but there is a risk that a third party may seek to establish a right or interest in the property.
Risks covered: Losses including damages/compensation awarded against the Insured, adverse difference in market value, cost of works required by a court order, cost of settling out of court as agreed with Insurers and other costs and expenses.