Moving house can at times tend to be a bit stressful and it’s not uncommon to come across obstacles, which can ultimately bring the whole process to an unexpected end. Coupled with the rising costs of buying a new home, the importance of protection if the worst happens, should not be underestimated.
It’s estimated that 40% of all house purchases fail to complete every year, leaving the risk of losing the fees already paid to conveyancers, lenders and surveyors. That’s why the need for Home Buyers Protection could not be greater. It gives those purchasing or moving home, reassurance expenses can be reimbursed quickly as well as keeping the buying process on course.
There’s a wide variety of reasons why a house purchase may fall through. Some common scenarios include: being outbid by another buyer, the seller withdraws from the property sale or the mortgage valuation is lower.
A Home Buyer Protection policy will cover any upfront expenses, for example, local authority searches, arrangement and lender fees which are due to be paid at outset. This gives you extra peace of mind and security in a market which, at times, can be extremely volatile.
Home Buyers Protection has now become widely recognised as an essential product for first time buyers and it’s something that can be quickly added into the mortgage application process with minimal effort.
As one of the UK’s leading independent financial advisers, First Mortgage NE can help you arrange Home Buyer Protection, as well as offer free impartial mortgage advice. Whether you’re a home mover or buying your first property, we’ll make sure you have that added peace of mind and that your home purchase is a successful one.
To apply for home buyer protection today, click the link below to get started.