PYV is a successful well-respected Lloyd's broker that specialises in the provision of Professional Indemnity Insurance and other specialist schemes for professionals and their clients.

PYV is now providing Commercial Title Insurance which covers property owners, property developers and lenders against the risks associated with defective title.

By providing simple and effective insurance solutions, key risks involved in the sale and purchase of land and property are reduced, and potential mortgage issues can be overcome. The insurance covers for both residential and commercial land and property in England and Wales.

Purchasing this type of insurance can speed up property transactions or in some cases can enable a transaction to complete that may otherwise fail.  The product can also assist property owners in securing lending, or more favourable lending terms.

Title Insurance responds to the issues created by defective title in a number of ways, including:

• Covering the cost of responding to a challenge over the insured’s right to use the property.
• Covering the cost of pro-active steps to rectify a challenge, including legal fees.
• Indemnifying the insured against a loss such as losing ownership of the property or not being able to use the property in the way they envisaged.

The Policies

PYV deals with two different policies of Commercial Title Insurance:

Development Property:

This is defined as a property which is going to be developed, or may be changing from its originally intended usage. PYV can offer indemnity up to £15 million.

PYV provides access to a wide range of potential title risks online: Adverse possession, Flying/Creeping Freehold, Lack of Easement (Pedestrian Access, Services/Drainage, Vehicular Access), Local Authority Search- Search Validation for Purchase Transactions, Restrictive Covenant- Existing Breach of Known Freehold Restrictive Covenants, Restrictive Covenant- Unknown Freehold Restrictive Covenant, Chancel Repair, Title Registered at Land Registry with Good Leasehold, Title Registered at Land Registry with Possessory Title, Title Subject to Rights of Way/ Rights of Service Media/ Rights of Drainage in a Deed/ Conveyance/ Transfer and Title Subject to Unknown Exceptions and Reservations.

Continued Use Property:

This cover relates to property which will remain as a commercial concern, and the usage will not change.  PYV can offer indemnity up to £5 million. 

PYV provides access to a wide range of potential title risks online: Lack of Easement (Pedestrian Access/ Services/Drainage, Vehicular Access), Chancel Repair, Restrictive Covenant- Future Breach of Known Freehold Restrictive Covenants, Restrictive Covenant- Future Breach of Unknown Freehold Restrictive Covenant, Title Registered at Land Registry with Good Leasehold, Title Registered at Land Registry with Possessory Title and Title Subject to Rights of Way/ Rights of Service Media/ Rights of Drainage in a deed/ Conveyance/ Transfer.

Click here to register your interest.

In respect of Title Insurance we act in the capacity of an introducer. This means that for this type of insurance we do not act as your broker and the party to whom we introduce you to will be responsible for assessing your needs and providing you with advice as to the suitability of cover.