17/03/2020
Covid 19 is proving to be a huge disruptor in many markets.
While technology is there to help us, to facilitate as much "business as usual" as possible, ultimately we'll probably be seeing most industries and sectors affected. This is likely to include the buying and selling of property.
We've offered a Residential Abortive Transaction Insurance for a while, as there are many reasons why property transactions can fail. This is a tried and tested safeguard that you can offer to your clients. In the event of a failed sale or purchase your customer can cover the costs of conveyancing fees (including searches), lender’s arrangement fees and survey/valuation fees.
In the UK last year, over £400 million was wasted on failed property transactions in England and Wales. Make sure that if your clients' are ever facing this that it doesn't have to be the end of their residential sale or purchase.
Get in touch with me if you want to know more.