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Bespoke Finance

Purchase Protection

Gazumping Insurance for purchasing a property; protect against a false start.. Protect your funds if your sale falls through

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Purchase Protection Insurance

Moving house is stressful enough, without the financial worry of the sale falling through, so protect your pocket against the perils and pitfalls that come with buying a home.

For a flat fee of £79.50 you receive for up to 6 months up to £1,500 of cover:

Even the most optimistic consumer can appreciate the peace of mind that Gasumping Insurance offers in today’s uncertain market.

All you have to do is complete the form. We will send out all documentation immediately. It really is that simple.

Policy Coverage

Purchase Protection of up to £1,500, insure against:

Apply Online

CALL FREE ON 08009202001.
Email hello@bespokefinance.org.
No Obligation advice via our Qualified Advisors.

Gazumping Insurance Callback Request

Gazumping Insurance FAQ

The aim for Gazumping Insurance frequently asked questions is to provide you with the information you need, please do feel free to Contact Us for any clarifications or queries not answered here from our Qualified Advisors.

What is Covered?

The insurer will pay your conveyancing costs, mortgage arrangement fees, lenders fees and survey fees incurred by you and subject to the limit of indemnity in the event of the following:

  • the property is withdrawn from sale by the vendor for reasons beyond your control;
  • the vendor receives and accepts an offer which is at least £1,000 greater than the offer they have accepted from you;
  • a local authority search highlights that the property is subject of a compulsory purchase order;
  • the vendor is not legally entitled to sell you the property;
  • you or the person purchasing the property with you, die, are made redundant or are relocated, and you are unable or unwilling to continue with the purchase of the property;
  • the initial mortgage lender’s valuation is less than 90% of the sum you have offered for the property which has been accepted by the vendor;
  • prior to the release of funds the mortgage lender insists on rectification work to the property and the cost exceeds 10% of the sum offered by you which has been accepted by the vendor;
  • the mortgage lender applies a retention on the loan which is more than 10% of the sum offered by you which has been accepted by the vendor; or
  • the property is damaged during the period of cover and the cost of rectification work exceeds 10% of the property value.

What is excluded?

The insurer will not be liable for any costs and expenses:

  • incurred before the start date;
  • if you withdraw from the purchase of the property for anyreasons other than those specifically covered by this policy;
  • if you are aware of a previous survey having been carried out to the property up to 90 days prior to the start date that may give reasonable cause for the purchase to fail;
  • if you are aware, prior to the start date, of any circumstances which could lead to a claim being made under this policy;
  • if you deliberately and knowingly cause a delay or use unreasonable behaviour that results in the failed purchase;
  • where they can be reimbursed by your employer or where your claim is covered by another policy;
  • where you are able to obtain a refund of costs which you have incurred; or
  • where, in the case of redundancy: you are self-employed, a company director or partner of the company giving notice of redundancy, or, the redundancy is voluntary.

Making a Claim

You must tell us immediately after you first become aware of any cause, event or circumstances which could give rise to a claim under this policy.

To notify a claim call our claims department on 01455 852100

Bespoke Finance Limited
Bradford Chamber Business Park, New Lane Bradford, West Yorkshire, BD4 8BX GB
Tel: ( 44 ) 08009 20 20 01
Fax: ( 44 ) 01274 66 60 69
E-mail: hello@bespokefinance.org
Adam Hosker, Mark Hosker 17 October 2009 Bespoke Finance Limited https://cdn.hosker.info/img/logo-bespoke-finance.jpg
9.7/ 10 stars from 23 users.
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Bespoke Finance is an appointed representative of HL Partnership Limited, which is authorised and regulated by the Financial Conduct Authority.
Bespoke Finance Limited is registered in England and Wales with company number 07047817. Registered Office: 13, Bradford Chamber Business Park, New Lane, Bradford, BD4 8BX.
The Financial Conduct Authority does not regulate Wills and some forms of Buy to Let.
A quote is free but there may be a fee for mortgage advice. The precise amount will depend upon your circumstances.
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