Buying or selling a property can be an exciting time, but it also comes with risks. One of the biggest concerns for home movers is the possibility of a transaction falling through after time and money have already been spent on legal fees, searches, and surveys. At Lyons Bowe, we understand this worry and that’s why we’re proud to offer the Abortive Pledge, an added layer of protection for our clients during the conveyancing process.
What is the Abortive Pledge?
The Abortive Pledge is a protection scheme designed to cover your legal costs if your property transaction does not complete through no fault of your own. In other words, if your purchase or sale collapses due to circumstances beyond your control, the Abortive Pledge can reimburse you for certain expenses, giving you peace of mind from the start.
Why is it Important?
In England and Wales, around 1 in 3 property transactions fail before completion. This can leave buyers and sellers facing unexpected bills for legal work, searches, and mortgage fees. The Abortive Pledge offers reassurance by reducing the financial risk of a failed transaction.
At Lyons Bowe, we want our clients to move forward with confidence. By choosing us, you’re not just getting a team of experienced property solicitors; you’re also gaining added protection against the unpredictable nature of the property market.
What Does it Cover?
The Abortive Pledge can provide reimbursement for:
- Full protection for conveyancing legal fees if your purchase aborts for reasons outside your control.
- You only pay for third-party costs already incurred (e.g., searches and other disbursements).
This means that even if your move falls through, you won’t be left out of pocket for the essential steps already taken.
Why Choose Lyons Bowe?
We invest in digital solutions, including the Lyons Bowe App, so that you can track your property transaction in real time. Combined with the Abortive Pledge, our service gives you clarity, confidence, and protection from start to finish.
If you’re thinking about buying, selling, or remortgaging a property, our expert solicitors are here to guide you every step of the way. With the Abortive Pledge in place, you can move forward knowing your legal fees are protected should the unexpected happen.
