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Protect your Fees with Residential Abortive Transaction Insurance from PSG

21 July 2014

Last updated at 10:47

According to a recently released 'Fall Through Index' compiled by Quick Move Now, over a quarter of home sales fail to complete, which is the highest number of aborted transactions that the market has seen since mid 2012.

With a still fragile economic climate, it is important that, in the event of a transaction failing to complete, you are not left out of pocket.

From as little as £39 including IPT, you can add the Residential Abortive Transaction Insurance from PSG to your instructions and help safeguard your fees whilst also providing additional peace of mind to your clients.

The RATI policies, which are underwritten by DAS, Europe's leading legal expenses insurer, are available in two formats, one for the buyer and one for the seller.  Each will provide a limit of indemnity of up to £1500 covering:

What is covered?	The buyer's policy will be triggered* if the transaction is aborted due to:
Legal fees and disbursements Mortgage arrangement costs Lender fees Survey fees Valuation report costs Homebuyer’s survey fees	Gazumping Mortgage Lender valuation being less than 90% of the sum offered Employers relocation not completing Involuntary unemployment Death, unforeseen illness or bodily injury Adverse entry on searches (excluding flood)

*Subject to Policy Terms

To find out more or request sample policies contact us here

All Inusurance products are provided by PSG Financial Services Limited which is authorised and regulated by the Financial Conduct Authority.

 

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