• Limit Of Indemnity

    By Guest on 07th Jul 2016

    How do you measure the limit of indemnity if your client is acquiring a lease?

  • 1 Answers

    By Guest on 08/07/2016

    If the purchase is with the aid of a mortgage then the lender's CML or BSA part 2 instructions tell you what limit is required. Usually it's the full purchase price but sometimes it's the price plus 10%. Even if there is no mortgage this is a good guide.

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