The Case
An existing client was undertaking re-finance of a property within their portfolio. The property was already insured with RTIB. On the day before completion the insured’s lawyer requested the new lender be made a co-insured and a first loss payee on the policy, and that there be a non-invalidation clause applied.
Our Role
By liaising directly with insurers and clearly defining our client’s and their lender's requirements, including the urgency of the matter, RTIB were able to secure the additional insurance and endorsements required to allow the lending to be agreed.
The Outcome
RTIB secured and provided a new schedule and drafted a facility letter to the lenders which was supplied to our client’s lawyers by the close of business as requested. The lenders were satisfied that their requirements had been met and financing was secured without delay.

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