For the Home Buyers product:

  • The seller accepts an alternative offer for the property
  • The seller withdrawing for reasons beyond the control of the buyer
  • The buyer having to withdraw due to:
    • An adverse legal search
    • An adverse survey
    • The mortgage lender’s valuation of the property being less than 90% of the sum offered by the buyer
    • Where the buyer was purchasing the property for the purposes of relocating for work, the employer decides to no longer move their premises from its original location
    • Unexpected involuntary redundancy
    • The policyholder or family member dying or suffering an unforeseen illness or physical bodily injury caused by a sudden and specific accident

For the Home Sellers product:

  • The buyer having to withdraw due to:
    • Reasons beyond the control of the buyer
    • An adverse legal search
    • An adverse survey
    • The mortgage lender’s valuation of the property being less than 90% of the sum offered by the buyer
  • The seller or buyer having to withdraw:
    • Where the buyer was purchasing the property for the purposes of relocating for work, the employer decides to no longer move their premises from its original location
    • Unexpected involuntary redundancy
    • The policyholder or family member dying or suffering an unforeseen illness or physical bodily injury caused by a sudden and specific accident