Rat and Mouse
Wed
21
Mar
Insurance against the gazump

OneMove have announced they're making their gazumping insurance available to all house buyers in England and Wales. Previously it was available to registered OneMove customers only. Sixty-nine pounds and nine-ninety nine pence will buy cover for up to £1,500 expenses, including £750 conveyancing costs, £250 lender's fees and £500 survey costs, assuming a buyer registers within seven days of their offer being accepted. The situations in which the insurance will pay out include a property being withdrawn and a vendor accepting another offer at least £1,000 higher, plus a range of technical issues arising from a search or valuation. There's small print... but we haven't received it... and we don't know what the excess is, so - as always - we urge caution. But it might be worth a look. Especially in the current market.

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