Home Buyers Protection

Home Buyers Protection

Our panel of carefully selected Specialist Insurance Providers will look to offer the best options for Home Buyers Protection. 

What is Home Buyers Protection?

Home Buyers Protection Insurance covers up-front costs associated with house purchases that could fall through.

With approximately 30% of house purchases end up falling through, leading to potential financial loss, and an average cost to buyers being around £2,500. It is good to know that cover below is in place to protect you.

What’s Covered?

If your property purchase falls through, you can claim up to £1,500 to cover:

• Mortgage lender arrangement and valuation fees

• Conveyancing fees

• Survey and search fees

• Disbursements

Additional cover:

1. £300 for mortgage advisor fees

2. £500 for temporary accommodation if completion is delayed

When can a claim be made? 

You can claim if you are unable to proceed with your purchase due to:

• The seller accepting another offer or withdrawing from the sale

• An adverse legal search or survey

• The mortgage lender valuing the property at less than 90% of your offer

• Your employer cancelling a planned workplace relocation

• Unexpected involuntary redundancy

• Death, serious illness, or injury of you or a close family member

• The amount of protection you receive depends on which policy you purchase.

Find out how our panel of Specialist Insurance Providers can put this cover in place for you.

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