Financial Options is launching three protection products for buyers and sellers in the mortgage market.
The Home Sellers protection plan gives protection for four to six months from the date of the completed mortgage application and will pay wasted conveyancing fees up to £500.
The Home Buyers protection plan provides the same level of cover but protects against gazumping, adverse valuation or withdrawal of the seller.
The Combined protection plan covers a client for both buying and selling up to £750. Charges range between £48 to £84 depending on the level of cover.
Protection is underwritten by Consolidated Financial Insurance.