Residential Chancel Insurance – No Price Increase.
The standard rate of Insurance Premium Tax (IPT) will be increasing from 10% to 12% with effect from 01/06/2017.
This means the cost of all insurance policies will be increasing apart from our Residential and Commercial Chancel Repair Insurance Policies which will remain at £15.95 and £99.00 respectively (£1m indemnity).
We have absorbed the tax increase on our two most popular policies to save you having to incorporate any change:
- Residential Chancel Policy (£1m indemnity) will remain at £15.95 inc IPT
- Commercial Chancel Policy (£1m Indemnity) will remain at £99.00 inc IPT
All other defective title insurance policies from First Title Insurance plc, our £500,000 indemnity Commercial Chancel Policy and our Abortive Transaction Insurance policy will be increasing to incorporate the new IPT tax rate of 12% with effect from 1/6/2017.
£15.95 Residential Chancel (£1m Indemnity) - No price increase.
Our Residential Chancel Insurance (£1m Indemnity) will not be increasing in price. We will be absorbing the increase in tax and maintaining the existing price of £15.95 including IPT at 12%
Chancel Repair & Abortive Transaction Insurance
Market Leading policies at great value for money
We offer a comprehensive range of property searches, defective title insurance and compliance services for the conveyancing professional.
Established in 2008, our award winning platform is recognised for an innovative approach that helps improve efficiency, support risk management and lower costs.
We add value through a range of market leading services that help you deliver a better service to your client, including:
Our unique service provides you and your client with the most comprehensive risk screening available. Properties are screened against 24 potential risks with results shown in a clear traffic light display. Searches are recommended where potential risks have been found. A Property Screening Report is produced for your client to demonstrate the depth of risk screening.
Clear Pricing, Product Samples and Turnaround Times
Useful information helps you make informed choices and act in the best interests of your client. Turnaround times are updated daily and live tracking of all searches ensures you know exactly what is happening on all cases.
Automatic Boundary Mapping
The freehold boundary of the property or land, as registered with HM Land Registry, is automatically drawn for you. You are free to upload your own plan, amend the freehold boundary or accept the Land Registry boundary as it is. Our Boundary Mapping Service is completely free of charge.
Faster Searches - More Control
Electronic integration with search providers ensures faster search ordering & delivery. Local Authority Searches are ordered in-house for better control and query handling. Real time search tracking gives an accurate picture of when you can expect delivery of your searches.
A unique discount calculator applies a bundle discount of up to £25.00 against all multiple search orders. This gives complete flexibility to build your own search packs and ensures a search pack discount is always applied. Pre-configured search packs are also available with National Search Packs starting from as little as £99.00 plus VAT.