Two Thousand Five Hundred properties sold for over £2 million in the UK during 2013 according to official Land Registry figures. That figure is rising by approximately 10% per annum.

Have you checked that your local search is covered by insurance for the full value of your clients purchase? A Council search carries no insurance at all. The industry standard for a personal search company is £5 million for any one claim.

Unfortunately though, even some of the better known search companies only provide cover for up to £2 million, which may be fine so long as none of the properties that you handle ever exceed this value. I advise all conveyancers to check that their search company is suitably insured. At HW Conveyancing Searches we have a full £5 million indemnity from Aviva Insurance so our clients and yours need not worry.