Happy Customers

"After inheriting a property from my late Mother, I approached National Homebuyers. I had been caring for my Mother for a number of years and the thought of selling the property using an Estate Agent was a hassle that I did not feel able to cope with. The sale of the property was a difficult […]"

Mrs J, Lydney, Gloucestershire

"We wanted to up-size to make room for our growing family, but needed to sell our flat first and National Homebuyers enabled us to do this quickly. They simplified the whole process of selling and enabled us to purchase our dream property! Who Is Liable For Property Damage Between Exchange And Completion?"

Mr & Mrs H, Space

Who Is Liable For Property Damage Between Exchange And Completion?

Property damage is anyone’s worst nightmare, especially so close to Christmas. For those that are in the process of purchasing a property and have already exchanged contracts it is an extra concern as they do not legally own the property yet, but cannot pull out of the sale either.

Once contracts are exchanged for the sale of a property it then becomes a shady area as to who is responsible for any repairs. Most solicitors would advise that anyone purchasing a property should take out buildings insurance to cover from the date of exchange, even if the sellers do still have their own policy. This is because once contracts have exchanged you are legally obligated to complete on the sale, regardless of any damage that occurs to the building between exchange and completion. This means if you haven’t taken out insurance and the roof is destroyed by a storm between exchange and completion, you will have to buy the property and face the costs of repairing it yourself.


If you haven’t taken out insurance you can hope that the sellers have still got insurance, but it will be unlikely that they will want to face the hike in their insurance premiums that would result from them claiming for damage to a property that they no longer own. The safest bet is to always take out insurance to cover you from exchange of contracts, even though you do not technically own the property yet.

When you do complete on the sale here are some tips for helping your property weather the storm:

  • Establish an evacuation plan
  • Ensure gutters and drains are clear, which will allow water can drain effectively
  • Place valuable/irreplaceable items upstairs to limit flood damage
  • Secure fences and bring garden furniture and washing lines etc. inside
  • Keep insurer’s contact details to hand as it is important to report any damage as soon as possible.

National Homebuyers – We Buy Any House

National Homebuyers are a UK based property buyer who really do buy any house or property! In fact we will buy anything, absolutely anything! Whether it is a house, flat, bungalow or park home we will buy it!

If you are looking for a fast house sale then we are here to help you. Our team of property experts are always on hand to share their expertise with you and help you achieve you aim of selling your house fast in a time scale that suits you and not us. So if you want a we buy any home service then give us a call on 08000 443 911.

Get your no obligation cash offer now by using the Get Offer on the right-hand side of this page and take the hassle out of selling your home!


Homebuyer Man is the public face of National Homebuyers’ expert property team, keeping up to date with all the latest industry news, property trends and market information.

Homebuyer Man’s experience in the property market is unmatched, providing expert information and exclusive insight on all things property, whether that be mortgage advice or drilling down into the best times to buy and sell in different areas across the UK. With more than 15 years’ experience, there isn’t much Homebuyer Man doesn’t know when it comes to the property market.

I’m a regular face on some of the country’s most popular TV channels including ITV, E4 and Nickelodeon.

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