At Balearic Defective Title Insurance S.L we are dedicated to helping property owners, developers and lenders protect investment and maximise returns. Our underwriting teams include in-house lawyers and experts in a variety of property-related disciplines. They have a common objective - to develop effective partnerships with all our clients so that we can get to the root of the problem quickly and provide the right insurance solution every time.

At a rough estimate around 75% of all rural properties in The Balearics are exposed to some form of defect in their title and/or missing legal documents, that cannot be recovered or take months to locate.

In Spain, the ownership of properties, a property’s title details, existing easements or restrictive covenants, planning restrictions or existing disputes, are not generally publicly available. Therefore, deals can fall through, or never make it to fruition due to:

• administrative delays/oversights/errors/misplaced documents;
• title uncertainties
• an inability to obtain funding from banks;
• continually shifting planning regulations

The average time between agreeing a price and an actual sale in the Balearics can be between 4-6 months. In short the Spanish conveyancing system can be opaque, leading to delays and creating uncertainty for prospective foreign buyes, especially those from Northern Europe.

1. To provide the conveyancing market (sellers, buyers, real estate agents, banks etc.), with a user friendly, marketable product;
2. To create confidence for all the stakeholders in the transaction by indemnifying the Insured against defects in the title of a property , thereby giving comfort to the Buyer &/or Seller on the vagaries of the current conveyancing process.
3. To drive efficiency and certainty into the transaction process.
4. To enable banks to lend against properties that are open to the current uncertainties manifest in the conveyancing process.