Following amendments to the Council of Mortgage Lender’s Handbook in 1999 many of the properties in this area are no longer considered acceptable security for a mortgage e.g. Leasehold Properties and properties where the ground rent collector is absent. In such cases insurance may be required to proceed. The cost varies from approx. £50. upwards depending on the sale price and other variables. If this is required it will cost you approx. £50. to £150. and will be deducted from the proceeds of sale.