Homebuying platform OneDome has launched a new buyer protection insurance product for estate agents.

The OneDome Guarantee product offers £12,000 worth of insurance per branch each year to agents, available to all their buyer clients.

Currently, the service, part of the platform’s HomeBuyer service, is limited to 100 transactions per year or £12,000 per branch, but OneDome is looking to remove the limit per branch in near future.

Babek Ismayil, founder of OneDome, said: “Our mission is to fix the broken property transaction process and differentiate ourselves from other portals.

He added: “The OneDome Guarantee is a great way for our estate agents to stand out from their competition and offer that little extra something to win their clients hearts and minds. Failed transactions affect over 300,000 people per year and this is a good way to reassure your clients that they are in good hands.”