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Gazumping Insurance

 

Jump Mortgages now offers Gazumping Insurance, or Home Buyers Expenses Insurance as it is technically called, through our partner company, OneMove. In a nutshell, the policy will cover you in the following events.

  • The property is withdrawn from sale by the vendor for reasons beyond your control
  • The vendor accepts an offer at least £1000 greater than the offer accepted from you
  • A local authority search highlights that the property is subject to a compulsory purchase order
  • The vendor is not legally entitled to sell you the property
  • You, or the person purchasing the property with you are made redundant or relocated, leaving you unable or unwilling to proceed.

For full policy details, contact us for the Policy Key Facts document.




* Note: Jump Mortgages Ltd does not provide advice on whether this policy is suitable to your needs, but rather will administer the application on your behalf should you decide to take out the policy. We do not earn a commission from OneMove, however, we will only administer the application if you are a client of Jump Mortgages Ltd.

     
     
 

 

Jump Mortgages Ltd is directly authorised and regulated by the Financial Services Authority. Jump Mortgages Ltd is entered on the FSA register (www.fsa.gov.uk/register/) under reference 471562. The advice and/or advice contained within the website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK. The FSA do not regulate some forms of mortgage.

Your home may be repossessed if you do not keep up repayments on your mortgage.