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Lenders – Credit Risk

Providing lenders with operational efficiencies, risk mitigation and potentially capital relief.

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Mortgage Indemnity Insurance (MIG)

Mortgage Indemnity Insurance, also known as MIG, is an insurance that Lenders purchase to protect against a borrower that falls behind with mortgage payments resulting in repossession. If the property is then sold and the amount is not enough to repay the outstanding mortgage the lender will make a claim.

MIG is bought as credit risk protection for the lender. In the UK it is usually bought only on loans with a loan to value above 80%

Lime Risk are specialist advisors to both Residential Mortgage Lenders and Shariah Finance providers and have over 15 years’ experience in structuring and placing MIG contracts.

Why use Lime Risk?

Experienced broking team Bespoke policies for “loan by loan” or “excess of loss” structures Business placed with Lloyd’s of London and company market insurers Access to captive insurance markets and reinsurance globally Fast and professional service

Interested in talking to us? Get in touch with one of our lending experts today.

Dave Harry

William Blumsom

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Alex McKenzie

Why not chat to us in person? Chat to one of our specialists direct on +44 (0)203 544 4848