Home Buyers Insurance
What you need to know about
Home Sellers and Home Buyers Insurance
It can include cover for:
- the vendor withdrawing and accepting an alternative offer from another buyer
- death, unforeseen illness or bodily injury caused by accident, applicable to either party
- the buyer withdrawing their offer after an adverse Legal Search
- the buyer withdrawing if a Mortgage Lender’s valuation is less than 90% of the accepted offer
- the buyer withdrawing following a survey which shows structural defects, needing remedial works which is more than 10% of the property value
- the buyer or vendor withdrawing due to unexpected redundancy
- the buyer or vendor withdrawing due to the employer no longer moving their premises
Call our Community Broking team based in Exeter to speak to one of our experts on RATI Insurance.
A fact of conveyancing is that not all transactions run smoothly. The process can be risky and stressful.
People change their minds, surveys might come back with horrifying results; occasionally someone comes along with a better offer!
With around one in five residential sales collapsing before completion¹, a buyer stands to lose an average of nearly £1,000 in conveyancing costs on every failed transaction.
Things like conveyancing, mortgage set up fees and surveys will need paying, regardless of whether the transaction completes.
Our tailored insurance can help mitigate some of the risks and fees incurred should a sale fall through. The primary purpose of this insurance is to offer financial protection and peace of mind to both parties involved property selling & buying transactions.
What Makes Us Different?
You’re a part of our virtuous circle of giving. This means when you take out a Home Buyers & Home Sellers Insurance policy with us, it enables us to give even more to our communities.
As part of the Benefact Group, we’ve given to local charities including Libraries Unlimited, Hands Up For Down’s, Musical memories Choir, and Foothold Cymru.
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Why Local
Individuals Choose Us
Community-Focused Insurance
We care about protecting local businesses in our area. We understand the challenges and opportunities you face.
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Insurance
With a Heart
We’re part of the Benefact Group who give all available profits to good causes.