Document background
The No Home Sale Contract has emerged as a crucial risk management tool in the UK property market, particularly in England and Wales. This document is typically used when property owners seek protection against the financial losses associated with failed property transactions. It provides a legally binding framework for compensation in cases where a property sale falls through, detailing specific circumstances under which claims can be made, coverage limits, and exclusion criteria. The contract addresses a significant gap in the property market where traditional insurance products may not provide adequate protection.
