Concerns about the risk of being sued for negligence by mortgage lenders is the head of a number of lawyers and other events to insist that some first-time buyers take an insurance product specific, "Deed of Gift" to find insurance.
In the current economic situation, it is increasingly common for parents to provide their children with gifts of money to cover the deposit on their first property purchase. However, creditors have begun to worry that, although unlikely, if the parents should be declared bankrupt, the creditors may then apply for the financial interests of the property. And it is to hedge against the risk of negligence claims conveyancers worried lenders and more expensive for their insurance coverage for professional indemnity talking about some of their customers on the purchase of this special "gift book" for the compensation product
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