UK Building insurance
UK Homebuyers are often contacted by a Solicitor when exchange of contracts is planned. The Solicitor needs sight of a valid building Insurance policy for the planned property purchase. A lender requirement is that Building Insurance is provided by the Buyer since on exchange of contracts the agreement to purchase is binding.
This requirement can cause delays and Solicitors cannot move to exchange unless they have seen sight of the building Insurance. If the Buyer already owns a property, then they would need to contact their insurers and discuss what would be required to get this new property covered.
This situation doesn’t provide the Homebuyer with an opportunity to make an informed decision on which Insurance company to use going forward simply because the property may not get to exchange of contracts.
Flexi Smart Contingency House insurance provides valuable thinking time after exchange of contracts for the Homebuyer to compare the market and establish which buildings, contents insurance meets their new needs.
The Solicitor benefits as they can swiftly move to exchange with the knowledge that they have the Flexi Smart Contingency House insurance in place that starts on the exchange of contracts date.
The Solicitor if instructed by the Homebuyer, can order the Flexi Smart policy using the Onesearch Direct ordering portal.
The policy is provided to onesearch via ourselves Northcott Beaton. We already provide insurances to Solicitors and Homebuyers.
We Help You Too
In conjunction with We Help You Too Ltd who manages the Homebuyer Conveyancing panel, they now include the ability for Homebuyers using the online Conveyancing comparison tool, to add either Exchange Insurance or Flexi Smart or they may decide to take out both.
Homebuyers go online and use the We Help You Too conveyancing comparison service and Solicitor finder service. They compare conveyancing quotes by price, location and by Mortgage Lender without entering any personal details. When ready they can take a quote away, decide if the insurances are of interest and if so add to their quote. At the same time booking a timed call from their chosen Conveyancer so that they can discuss their quote.
A smarter approach to conveyancing which supports the Lender, Homebuyer and Solicitor.
Homebuyers and Solicitors need that helping hand and Flexi smart paves the way for a fast Conveyance at an affordable price.
all to often UK Homebuyers are left stranded not knowing what they should do and many commit to additional insurance which they do not need.
1) Go online to the Homebuyer Conveyancing website
2) Compare accurate conveyancing quotes
3) Decide when ready to take a quote away and consider the benefits of adding the Flexi Smart
4) Book a timedc all back to discuss your quote.
Transparent conveyancing enables Homebuyers to make an informed decision on who they should instruct.
Homebuyers can compare the Conveyancing quotes by price, location and by Mortgage Lender as many lenders do stipulate that they should use a Lender approved Conveyancer.