The MoveSafe Abortive Insurance is available to both residential sellers and purchasers and applies to all Freehold and Leasehold transactions. The MoveSafe Abortive Insurance policy provides protection against loss of legal and survey fees should the sale or purchase not go through. Moving house is stressful enough without the threat of wasted expenditure.
You can now offer your residential property clients a full No-Transaction, No-Fee service with the MoveSafe Abortive Transaction Insurance product. This is a new and exciting ATE Insurance product which will benefit solicitors, clients and referrers of conveyancing instructions
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The MoveSafe Abortive Insurance is available to both residential sales and purchasers and applies to all Freehold and Leasehold transactions.
As a conveyancer, you also have to remain competitive and so often have to write-off your charges if a transaction does not go ahead but with your client still having to pay for any wasted survey and searches. The Abortive Conveyance Insurance offers a solution to this problem. All you need to do to obtain cover is to request a MoveSafe policy at the start of the conveyance transaction. You choose whether the Abortive Insurance premium be paid up front (with a 5% reduction in price) or instead be deferred and not paid until completion, with the clever bit being that, if deferred, the Abortive Insurance premium never has to be paid if completion does not take place!
The MoveSafe Abortive Transaction Insurance protects your costs and your client’s expenditure in the event that a transaction fails to complete. The Abortive Insurance covers all of the solicitor’s charges, all search fees, survey costs and incidental expenses.
If the sale or purchase fails to go ahead, your client may be upset but at least they won’t be out of pocket. And nor will you.