CLS Title has launched a lender’s valuation indemnity to give lenders additional protection on both new and existing loans.

The aim of the product is to cut the risk impact of incorrect valuations suffered by a lender on taking possession. It is available for use with residential properties and property based commercial lending in England & Wales and Scotland.

It is applicable to both physical and desktop valuations obtained via the major AVM providers and can be used in conjunction with both purchases and remortgages of owner-occupied and investment properties.

CLS Title’s director Paul Beresford, said: “Quite simply