Homebuyers Protection

Coverage

  • The property is withdrawn from sale by the vendor
  • The vendor accepts an offer from a third party which is at least £1000 greater than the offered by the insured
  • The property is the subject of a compulsory purchase order
  • The initial mortgage lenders’ valuation of the property is less than 90% of the sum offered and accepted by the insured
  • The mortgage lender insists on rectification work being carried out and more…

Benefits

  • Costs incurred by the insured before the sale fell through are paid back retrospectively
  • Conveyancing fees includes the amount charged for Local Authority searches
  • This policy lasts for 90 or 120 days from inception or until a claim is made on the policy, the purchase of the property is completed or the policy is cancelled

Technical

  • £750 any one claim: Conveyancing fees
  • £500 any one claim: Survey and valuation fees
  • £250 any one claim: Mortgage and lenders’ fees
  • Nil excess
  • Underwritten by a strong rated UK insurer
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What our clients say about us

Following issues with my own insurance company failing to resolve a third party claim, I was given OnClaims’s number. My first contact on ringing OnClaims Ltd was speaking to Hayley and I can only say from the outset, it was like a breath of fresh air!
Geoff Burke