X
etsos

Free trial Sign-up

Please leave your name and email and we'll be in contact shortly.

Name

Company

Contact Number

Email

Please complete the sum:        
14 + 3 =

Residential Abortive Transaction Insurance

10th July 2018

ETSOS are delighted to announce a tie up with insurance brokers Northcott Beaton to provide their residential abortive transaction insurance. 

Users of the ETSOS system have previously been able to order the insurance at 2 price points; either on an ad-hoc basis, or on every transaction.

The new tie up means one single price point that covers both situations of £56.00 inc IPT. This will come into effect from 1st August 2018.

Residential abortive transaction insurance provides up to £1500 of cover for the fees incurred in the process of selling or purchasing a home including certain conveyancing fees and disbursements, lenders mortgage arrangement fees and mortgage lenders valuation fees.

The cover varies; purchase cover can include the following and applies once an offer has been made and accepted by the vendor

  • The vendor withdrawing the property from sale following receipt of an alternative offer from another buyer
  • You having to withdraw from the purchase because of one of the following
    • An adverse Legal Search (as per policy definition)
    • The Mortgage lenders valuation being less than 90% of the accepted offer
  • And your or the vendors withdrawal due to
    • Employers relocation not completing
    • Involuntary unemployment
    • Death, unforeseen illness or bodily injury caused by a sudden or specific accident

NB; cover for sale and purchase are 2 separate policies which need to be purchased separately.

For more information about what is and is not covered please review the key facts sheets available below:

For any further information please contact your account manager on 01524 220013.

 

The client and experts view...

  • thumb1
Latest newsspeech Bubble

Residential Abortive Transaction Insurance

ETSOS are delighted to announce a tie up with insurance brokers Northcott Beaton to provide their residential abortive transaction insurance.  (more…)

Is a passport enough for AML? Blog 3

The Money Laundering Regulations 2017 require estate agents to risk assess their business relationships and apply an appropriate level of investigation to ensure that they understand who their customer is, and why they are involved in the transaction. (more…)

Is a passport enough for AML? Blog 2

The Money Laundering Regulations 2017 require estate agents to risk assess their business relationships and apply an appropriate level of investigation to ensure that they understand who their customer is, and why they are involved in the transaction. (more…)

Next steps on road to AML for lettings agents

The next phase of money laundering regulation to be enacted in the UK will include the provision for AML checks to be done on tenants where the monthly rental is over €10,000 (around £8,800). (more…)

Is a passport enough for AML? Blog 1

The Money Laundering Regulations 2017 require estate agents to risk assess their business relationships and apply an appropriate level of investigation to ensure that they understand who their customer is, and why they are involved in the transaction. (more…)

divider
newsletter sign-up

Sign up for our e-newsletter

Name
Company
Email Address
trialTop

trial sign-up

Click the Apply button opposite to use our software on a trial basis...

trialBottom
  • etsosnews

  • etsosnews

  • Linkedin Twitter Facebook
    This site uses cookies. Find out more about this site’s cookies.