Northcott Beaton is assured sales with OneSearch Direct’s complete conveyancing and protection launch

Print This Post

10 November 2014


 

Nick Beaton, managing director, Northcott Beaton

OneSearch Direct, the largest local authority data search company in the UK, has announced insurance broker, Northcott Beaton, is now supplying Assured: OneSearch Direct’s complete conveyancing and protection solution.

The comprehensive search package includes the three key regulated searches for, local authority, drainage & water and environmental and uniquely is backed up by a free residential abortive transaction insurance policy underwritten by DAS, Europe’s leading legal expenses insurer.

The package, first launched 12 months ago, was the first of its kind to be seen in the UK and offers clients cover of up to £1,500 for failed property transactions.

“Estimates suggest there were almost one million residential transactions in the UK in the last 12 months and the average fall through rate is thought to be more than 10% with some sources suggesting the rate was much higher,” explains Nick Beaton, managing director, Northcott Beaton.  “When a transaction falls through, costs are inevitably incurred in association with valuations, searches, disbursements and legal fees.

“The Residential Abortive Transaction Insurance we are now able to offer through OneSearch Direct’s Assured solution, has been specifically designed to safeguard clients against such loss, “ continues Beaton.   “In addition, the Assured policy is free if the local, drainage, water and environmental reports are purchased through OneSearch Direct and this is proving particularly popular with our clients.”

“As the largest local authority data search company in the UK we have been providing private searches for more than two decades,” confirms Ronnie Park, managing director, OneSearch Direct.  “Over the years we have invested around £10 million in the integrity of our data set and we have more than 30 people permanently employed to ensure information is updated on a daily basis.  We are now leading the way as the real-time ‘property data experts’ and our Assured insurance policy now means our clients feel reassured, knowing that the returned costs for failed property transactions can be put towards their next purchase.”

The residential abortive transaction insurance covers all legal expenses up to £1,500 and includes: conveyancing fees, mortgage arrangement fees, lender fees, valuation report, survey fees, legal fees and disbursements.  The product has been approved by Legal Eye, the leading legal compliance specialist.

For further information please visit: http://www.onesearchdirect.co.uk/assured



Associate News is provided by Legal Futures Associates.
Find out about becoming an Associate



Legal Futures Blog

New right to paid leave for bereaved parents: A welcome move

Kimberley Manning DAS

This year, like many in recent years, has seen some key changes within the employment law field, with the government, trade unions and lobbyists remaining endlessly engaged in seeking to impose their interpretation of fair balance between employers and their respective workforces. Although consensus on that equilibrium can never really be achieved, sometimes there are pieces of legislative movement which are difficult to argue with regardless of your perspective: This is one of those. Published on 13 October 2017, the Parental Bereavement (Pay and Leave) Bill would provide for the first time a legal right to parents who are employed and have suffered the death of a child, a minimum of two weeks’ leave in which to grieve.

November 20th, 2017