Home Buyers Insurance

nekr0mantik

Hello

Does anyone know any home buyers insurance that can be claimed on for any under-valuations rather then under 90%?

I seen 2 companies doing this insurance but both say only if valuation by lender is less then 90% of offer price.

I been hit by under valuations on my first try last year and it cost me a lot in legal fees so want to avoid that as flat valuations are still not as they were pre pandemic.

Other option is no move no fee conveyancer but I know they are usually more expensive in long run and may have "other fees" crop up.

Thanks

Slithery

Why not just ask your chosen solicitor to not do any chargeable work until after you've had your mortgage valuation?

nekr0mantik

Slithery said:

Why not just ask your chosen solicitor to not do any chargeable work until after you've had your mortgage valuation?

Would they be ok with that?

My first time they started to get the contract draft set up right away and ask for land registry deeds from vendor.

I may go back to them and see if they agree.

Slithery

nekr0mantik said:

Slithery said:

Why not just ask your chosen solicitor to not do any chargeable work until after you've had your mortgage valuation?

Would they be ok with that?

If they're not then you need to find a different solicitor. They do work for you after all, not the other way round.

nekr0mantik

Slithery said:

nekr0mantik said:

Slithery said:

Why not just ask your chosen solicitor to not do any chargeable work until after you've had your mortgage valuation?

Would they be ok with that?

If they're not then you need to find a different solicitor. They do work for you after all, not the other way round.

good point

thanks