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Get Peace of Mind with Residential Abortive Transaction Insurance

Protect Your Costs When Buying or Selling a Property for a flat fee of £69 inc IPT.

1 in 3 residential property transactions fall through costing thousands on average.

Buying or selling a property can be exciting, but also stressful. What if the sale falls through unexpectedly, leaving you thousands out of pocket in fees?

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This is where Residential Abortive Transaction Insurance (RATI) comes in. Our comprehensive cover protects you against the financial impact of a failed transaction, offering peace of mind throughout the process.

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Residential Abortive Transaction Insurance provides cover for costs incurred during the house buying and selling process in the event of the purchase and sale of a residential property falling through. Fees covered include: 

  • conveyancing fees.

  • survey/search fees.

  • mortgage lender fees.

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Get a free, no-obligation quote online today and secure your peace of mind during your property transaction!

 

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What you are covered for:

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Costs of buying or selling your property if the transaction falls through 

Our policy reimburses you for legal fees, surveys, searches, mortgage fees, and more, up to £1,500 for buyers and £1,500 for sellers.

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Mortgage Adviors Fees

Up to £300 Morgage Advisor fees covered if your purchase falls through.

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Alternative Accommodation cover

£500 for alternative accommodation if unforeseen circumstances delay your move-in.

Why Choose RATI: Your Safety Net for Buying or Selling

Buying or selling a house? It's exciting, but let's face it, things can go wrong. What if the deal falls through at the last minute? You could be stuck paying thousands for lawyer fees, surveys, and other expenses.

RATI insurance is your safety net.

 

Unlike most others, we can provide cover for both buyers and sellers, so you're covered no matter what happens.

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Imagine this: You found your dream home, got all the paperwork done, but then... the seller backs out. Ouch! You're left with huge bills that could derail your plans.

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With RATI, you wouldn't sweat it. We reimburse you for those costs, up to £1,500 for buyers and sellers. Plus, buyers get extra protection: £300 for mortgage advisor fees and even £500 for temporary accommodation if you get delayed.

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The best part? It's affordable and simple. Our flat fee of £69 including Insurance Premium Tax covers you for a year, and getting a quote takes minutes online.

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Benefits & Features:

  • Who is the insurer of your Tenant Contents Insurance
    Our Tenants Contents cover is underwritten by a panel of cherry picked insurers consisting of Axa, LV, RSA and UK General.
  • Who should i contact in the event of a claim?
    In the event of a claim, you should contact your underwriter which will be detailed on your certificate of insurance.
  • Can i transfer my No Claims Discount (NCD) from another policy?
    Yes. If there is more than one person named on the policy with two different NCD, the higher can be used I'm sharing the property but the only one named on the tenancy agreement.
  • Are we all covered by this policy?
    The policy covers you, your partner and any other person permanently living with you under their tenancy agreement (including any children or foster children). The policy does not cover lodgers or other tenants not covered under your tenancy agreement.
  • What is the cooling off period for this cover?
    There's a 14 day cooling off period from the start of the policy. In the event of cancellation after the cooling off period, a pro rata refund will be given if no claim has been made.
  • What is the most i can claim for one item?
    The most you can claim for any one valuable is £2,500 unless the item is specified on the policy.
  • I work from home, is my business equipment covered?"
    Business equipment is covered up to the sum insured for clerical work only. Business equipment is defined as computer equipment, printers, photocopiers, computer aided design equipment, office furniture and furnishings and telecommunications equipment used in any way for business purposes. This does not include any property held as stock.
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