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HomeSellers' and HomeBuyers' Policies

13 Jul 2017   |   Ani Radountcheva   |   0 Comments

Home Buyers’ protect:

If the purchase falls through for no fault of you own you can reclaim up to £1,500: 

Up to £750 for conveyancing fees

Up to £250 for mortgage arrangement fee/lender fees

Up to £500 for survey fees/valuation fees

9 Events can occur during the period of insurance and lead to the failure of the property purchase including:

- The property is withdrawn from sale by the vendor for reasons beyond your control

- The vendor receives and accepts an offer which is at least £1,000 greater than the offer they have accepted from you

- A local authority search highlights that the property is subject of a compulsory purchase orde

- The vendor is not legally entitled to sell you the property


HomeSellers’ Protect:

Limit of indemnity: £1,650 incl VAT

7 reasons are covered under the policy, any of the following events that occur during the period of insurance andlead to your sale of the property failing:

1. The buyer has an adverse search on the property, which either restricts, or is seriously detrimental to a successful transaction;

2. The mortgage lender’s valuation of the property being less than 90% of the sum you have accepted

3. Structural defects to the property and the cost of rectification works is more than 10% of the sum you have accepted

4. The buyer’s death and any surviving partner being unable or unwilling to continue with the purchase

5. The buyer being diagnosed with a terminal illness and being unable or unwilling to continue with the purchase

6. The buyer being given notice of redundancy and is unable or unwilling to continue with the purchase

7. The buyer’s employers’ relocation not completing

PRICING
Home Buyers’ Protect

- £44.58 incl. IPT as a part of a pack

- £82.60 incl. IPT Standalone Policy

Home Sellers’ Protect

- £51.42 incl. IPT

Combined Home Sellers’ & Home Buyers’ Protect

- £76.72 incl. IPT

Request Sample Policies and more information HERE

*For full T's and C's refer to the policies.




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