Homebuyers are often contacted by a Solicitor when exchange of contracts is planned.

The Solicitor needs sight of a valid building Insurance policy for the planned UK property purchase. A UK lender requirement is that Building Insurance is provided by the Buyer since on exchange of contracts the agreement to purchase is binding.

This requirement can cause delays and Solicitors cannot move to exchange unless they have seen sight of the building Insurance. If the Buyer already owns a property, then they would need to contact their insurers and discuss what would be required to get this new property covered.

This situation doesn’t provide the Homebuyer with an opportunity to make an informed decision on which Insurance company to use going forward simply because the property may not get to exchange of contracts.

Flexi Smart provides valuable thinking time after exchange of contracts for the Homebuyer to compare the market and establish which buildings, contents insurance meets their new needs.

The Solicitor benefits as they can swiftly move to exchange with the knowledge that they have the Flexi Smart Contingency House insurance in place that starts on the exchange of contracts date.

The Solicitor if instructed by the Homebuyer, can order the Flexi Smart policy using the Onesearch Direct ordering portal.

The policy is provided to onesearch via ourselves Northcott Beaton. We already provide insurances to Solicitors and Homebuyers.

In conjunction with We Help You Too Ltd who manages the Homebuyer Conveyancing panel, they now include the ability for Homebuyers using the online Conveyancing comparison tool, to add either Exchange Insurance or Flexi Smart or they may decide to take out both.

UK Homebuyers go online and use the We Help You Too conveyancing comparison service and Solicitor finder service. They compare conveyancing quotes by price, location and by Mortgage Lender without entering any personal details.

When ready they can take a quote away, decide if the insurances are of interest and if so add to their quote. At the same time booking a timed call from their chosen Conveyancer so that they can discuss their quote.

The insurances are designed to help and support Homebuyers make informed decisions as their transaction moves forward.

• Flexi Smart Contingency House Insurance
• Solicitor orders via the Onesearch Direct portal
• Homebuyer has time to think after Exchange of contracts.
• With our, your help they can search the Insurance market.
• No last minute ordering required for Homebuyers.
• A massive helping hand for Solicitors who can move to Exchange of Contracts with the knowledge that they have Building insurance in place.

A smarter approach to conveyancing which supports the Lender, Homebuyer and Solicitor.