Forfeiture of Lease

Key Features and Benefits

If during the term of the mortgage advance the landlord exercises, or attempts to exercise, a legal right to forfeit the lease, the policy provides cover for the following, up to your selected  limit of indemnity (not exceeding £1 million*):

• any irrecoverable sums expended with our consent to protect the lender's interest in the property, including the cost of complying with any court order
• the reduction in the value of the lender's interest in the property, if the lease is terminated
• costs and expenses with our consent. 

The policy does not provide cover for the owner of the property, except for the named mortgagee when in possession.

The policy remains in force from its commencement date for the duration of the mortgage advance.

This ‘At a Glance’ description of cover does not set out the full terms and conditions of cover or the exceptions and limitations which apply to the policy, all of which can be found in the policy document. Please also refer to the Key Facts policy summary.

* For additional cover and higher limits of indemnity, see Bespoke Policies.