My buyer fails to comply with the Agreement of Sale and fails to complete contracts on the completion date. This is due to a change in their own circumstances and through no fault of my own?
ClozeSure can be triggered.
The purpose of ClozeSure is to protect you against your buyer failing to complete the property purchase, through no fault of yours. ClozeSure will acquire your property and pay you the 90% balance (that is, the sale price less the 10% deposit paid by your buyer).
We’ve designed our system to be fast, efficient, and helpful, with an aim of completing our purchase of your property immediately after - on the same day - as your defaulting buyer fails to complete.
To make sure we meet this goal, we need to work closely with you and your conveyancer.
By working closely together, we can make sure that your onward purchase — if you are planning one — completes successfully and secures the property chain.