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Old June 20th 09, 09:22 AM posted to uk.finance
Gareth
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Posts: 145
Default Home buyer's insurance?


PeterSaxton wrote:
On 20 June, 09:44, Gareth wrote:
Is it possible to take out an insurance policy which will refund costs
(e.g. survey and conveyancing costs) in the event of a house purchase
falling though?

I have seen this discussed in a few forums but none of the links to seem
to exist anymore.

Thanks for any help.

Gareth


I wouldn't have thought it would be easy to get for two main reasons:


So far, it doesn't seem to be easy to get.

1. the insured would be able to ensure he gets a payout


Isn't that true of almost any insurance? E.g. I could insure my
house/car then set fire to it? Anyway I wouldn't be able to profit from
the payout since it would only cover costs.

2. it is so common that any premiums would be very high.


Yes, that does seem likely.

Thanks for your reply.

Gareth.

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