Home Buyers & Sellers Insurance – more than ‘no sale, no fee’
Most house sales and purchases have their ups and downs, but get there in the end – it takes time, but everyone involved works hard to make it happen. Sometimes though things don’t work out.
Around 1 in 10 cases where we have arranged a mortgage offer don’t make it to completion. All that time wasted, and effort expended can be pretty tough to take. When that happens there is a good chance that most of the money spent in getting to that point will be lost.
£2,500 is the average cost of a property falling through according to Rhino Home Protect – and they should know, it’s what they specialise in protecting against. It’s worth thinking about whether you could manage to buy somewhere else if you lost that much, and how you’d feel.
Covering yourself against lost search fees, solicitors costs & mortgage fees (including ours) is cheaper than you may think, and we would advise taking a look at whether it makes sense for you. It’s much more comprehensive than a solicitor’s ‘no sale, no fee’ offer too.
How much does it cost?
Home Buyers Protection starts at £74 – although we think the added protection of the Premium option at £144 is well worth considering.
Home Sellers Protection is £69.
What’s covered?
- Conveyancing fees
- Mortgage fees
- Survey fees
- Search cover
- Gazumping
When should I take it out?
Home Buyers Protection needs to be bought prior to, or within 14 days of notifying your solicitor / mortgage lender of your purchase.
Home Sellers Protection needs to be bought prior to, or within 7 days of written acceptance of the offer, going to the buyer.