Buildings Insurance. 5.1 Insurance cover for each Property is or will at all relevant times be available under:
(a) a policy arranged by the Borrower in accordance with the relevant Mortgage Conditions or in accordance with the Alternative Insurance Requirements; or
(b) an Abbey Buildings Policy or a policy introduced to the Borrower by the Seller; or
(c) a policy arranged by the relevant landlord; or
(d) the Properties in Possession Policy.
5.2 No act, event or circumstance has occurred which would adversely affect the Properties in Possession Policy or entitle the insurers to refuse to make payment thereunder or to reduce the amount payable in respect of any claim thereunder.
5.3 All claims under the Properties in Possession Policy have been paid in full within a reasonable time of the date of submission of the claim and, save in respect of minor claims, there are no claims outstanding.
Buildings Insurance. 5.1 Insurance cover for each Property is or will at all relevant times be available under:
(a) a policy arranged by the Borrower in accordance with the relevant Mortgage Conditions or in accordance with the Alternative Insurance Recommendations; or
(b) Santander UK plc Policies or a policy introduced to the Borrower by the Seller; or
(c) a policy arranged by the relevant landlord.
Buildings Insurance. The Servicer shall not knowingly take any action or omit to take any action which would result in the avoidance or termination of or would reduce the amount payable on any claim under any applicable buildings insurance (opstalverzekering) or any similar insurance policies taken out, inter alia, for the Transferor's benefit, in relation to all or any of the properties on which a Mortgage has been vested to secure any Mortgage Receivable.
Buildings Insurance. 5.1 Each Property is insured under:
(a) a buildings insurance policy arranged by the Borrower in accordance with the relevant Mortgage Conditions or in accordance with the Alternative Insurance Recommendations; or
(b) the Halifax Policies; or
(c) a Seller-introduced building insurance policy; or
(d) a buildings insurance policy arranged by the relevant landlord; or
(e) the Properties in Possession Cover.
5.2 No act, event or circumstance has occurred which would adversely affect the Properties in Possession Cover or entitle the insurers to refuse to make payment thereunder or to reduce the amount payable in respect of any claim thereunder.
5.3 All claims under the Properties in Possession Cover have been paid in full within a reasonable time of the date of submission of the claim and, save in respect of minor claims, there are no claims outstanding.
5.4 The Seller has maintained and will maintain all consents, authorisations, approvals, licences and orders, including without limitation all authorisations under the FSMA, to carry on any insurance related activities in respect of the Properties.
Buildings Insurance. 5.1 Each Property is insured under:
(a) a buildings insurance policy arranged by the Borrower in accordance with the relevant Mortgage Conditions or in accordance with the Alternative Insurance Recommendations; or
(b) the Halifax Policies; or
(c) a buildings insurance policy arranged by the relevant landlord; or
(d) the Properties in Possession Cover.
5.2 No act, event or circumstance has occurred which would adversely affect the Properties in Possession Cover or entitle the insurers to refuse to make payment thereunder or to reduce the amount payable in respect of any claim thereunder.
5.3 All claims under the Properties in Possession Cover have been paid in full within a reasonable time of the date of submission of the claim and, save in respect of minor claims, there are no claims outstanding.
Buildings Insurance. Each Property is insured (from the date of completion of the relevant Loan):
(a) under the Third Party Buildings Policies;
(b) against all risks usually covered by a Reasonable, Prudent Mortgage Lender in England and Wales and Scotland, advancing money on the security of residential property; and
(c) to an amount not less than the full reinstatement cost as determined by the relevant valuer.
Buildings Insurance. (a) On the date of each Loan and subsequently as required to ensure compliance with any contingency insurance, the Servicer will use reasonable endeavours to ensure that the Property which is the subject of that Loan is insured under a comprehensive insurance policy of the type a Reasonable, Prudent Residential Mortgage Servicer would expect to be in place against all risks usually covered by such a comprehensive insurance policy with such reasonable level of excess for the relevant Property (or if more than one the aggregate of all such Properties) to its full reinstatement value.
(b) The Servicer shall maintain Failure to Insure Cover.
Buildings Insurance. We are responsible for insuring the building against fire, lightning, explosion, storm and flood. Our policy does not cover accidental damage. We will not accept responsibility for any damage caused by you or members of your family, or any person visiting the property. You, members of your family, or any person visiting the property, shall not do or permit to be done in or about the property any act which may render void or invalidate the insurance of the property or the building against fire or otherwise increase the ordinary premium for the insurance.
Buildings Insurance. You must ensure that buildings insurance will be in place which conforms with the requirements of Part 1. Consent of mortgage lender to restriction You are required to obtain the consent of the mortgage lender to the registration of the restriction on title in favour of [Local Authority]. Executed Transfer / Lease You must be satisfied before completing the purchase that the Builder’s Solicitors are holding the executed transfer/lease to the Property on file. You must ensure that the Builder's Solicitors completion statement states the Market Value and First Homes Purchase Price and these are consistent with the Authority to Proceed and Eligibility Approval and the discount confirmed in the Compliance Certificate. You must ensure that the transfer is in the form annexed at Schedule 11. HM Revenue and Customs (HMRC) has advised [Local Authority] that Stamp Duty Land Tax (SDLT) is payable by the Purchaser on the First Home Purchase Price]. A land transaction return (LTR) must be delivered to HMRC and any tax paid in full within 14 days of completion. You must not complete the purchase of the Property unless you hold sufficient funds to complete the purchase and pay all SDLT (if you do not have them you accept responsibility to pay them yourself). Within 5 working days of the later of the Completion Date or the date you receive the signed lease/transfer from the Builder, you must apply to register the lease/transfer of the First Homes Property at the Land Registry and at the same time you must also register the First Homes restriction on the proprietorship register of the Property, the restriction being: "No disposition of the registered estate (other than a charge) by the proprietor of the registered estate or by the proprietor of any registered charge, not being a charge registered before the entry of this restriction, is to be registered without a certificate signed by [Local Authority] of [Local Authority address] or their conveyancer that the provisions of clause [insert here the clause/paragraph reference of the provisions that provide that the property is sold subject to and with the benefit of the First Homes Provisions] (the First Homes Provisions) of the Transfer dated [Date] referred to in the Charges Register have been complied with or that they do not apply to the disposition” You must ensure that the restriction above is registered against every part of the Property. Within 10 working days of receipt from HM Land Registry, you must provide [Loca...
Buildings Insurance. This is essential. It is needed to cover the full cost of rebuilding your home if it were to be destroyed by fire or some other incident. In the case of flats, this insurance is often arranged for the whole block by the landlord, in which case the landlord will expect you to contribute towards the cost of the insurance though a service charge. 2. muzarizakegobej.pdf Contents insurance. As well as buildings insurance, you may want to insure the contents of your home against theft and other risks.
