Search
  • tayla166

Did you know you can protect yourself from the purchase of a property falling through?

A number of unexpected things can happen during the process of purchasing a new residential property that could cause the transaction to fail beyond the purchasers control. In these circumstances the purchaser may have already incurred considerable out-of-pocket expenses on mortgage arrangement fees, survery fees, and/or solicitor's fees that cannot be recovered.


Fortunately, there is a comprehensive and affordable Home Buyers Protection Insurance which covers against any losses suffered when property purchases aren’t completed through no fault of your own.


You can choose between 3 levels of cover:

Bronze - Conveyancing Fees – up to £750, Survey and Valuation Fees – up to £500, Mortgage and Lender Fees – up to £250 for a cover Period of 180 Days.

Silver = Conveyancing Fees – up to £1,000, Survey and Valuation Fees – up to £750, Mortgage and Lender Fees – up to £500 for a cover Period of 180 Days.

Gold - Conveyancing Fees – up to £1,250, Survey and Valuation Fees – up to £1,000, Mortgage and Lender Fees – up to £750 for a cover Period of 180 Days.


Notes to remember

Conveyancing must be carried out by a solicitor or licensed conveyancer. Cover is valid for 180 days from acceptance of the offer or until you make a claim, cancel the policy or complete the property purchase. The policy doesn’t cover you if you withdraw the offer of sale for reasons not included in the policy schedule; you can’t just change your mind, for example. Must purchase this policy within 7 days of receiving written acceptance.

0 views0 comments

Recent Posts

See All

Extent of decline in UK home insurance claims

A study examined the decline in home insurance claims during the March 23 to May 31 coronavirus lockdown and found the following drop rates for the period, along with the corresponding ‘savings’ estim

Home Insurance and building works

Find out how making home improvements, building an extension and converting a loft or basement can affect your Home Insurance. Rather than moving, many people choose to improve their home, often to in

A Few ways you may be invalidating your insurance

Buying insurance means buying peace of mind. If anything unexpected happens to rock your finances or your family, you at least know that there’s a certain amount of protection in place to help you pic

Oncover Insurance Services Limited is authorised and regulated by the Financial Conduct Authority (FCA).  Our FCA Register number is 306045. The FCA's register can be accessed through www.fca.org.uk/register. We are covered by the Financial Ombudsman Service (FOS).  See their website https://www.financial-ombudsman.org.uk/ for further information. Registered in England & Wales under Company no. 04036567. Registered address: 89c College Place London NW1 0DR.