What happens to the Guarantee if I sell my property?
The Guarantee is assigned to the property, naming the current property owner as the beneficiary. The insurer requires that the Guarantee is reassigned to the new owner’s name if the property is sold. The Guarantee is not valid until it has been reassigned. If done within 1 month after the plan is activated but the guarantee has not been activated for an additional fee of £299.00 + VAT. If the guarantee has been activated the additional fee will be £598.00 + VAT.