Protecting you and your service expenses as a home buyer
Once you’ve found a property you want to buy and are ready to put in an offer, you soon find yourself paying for solicitors, surveyors, mortgage advisers and other services to help you with you purchase. This can soon add up to thousands of pounds, which is a big investment that could be lost if the purchase falls through.
What is Home Buyers’ Protection Insurance?
Home Buyers’ Protection Insurance is a specialist type of cover which is bought as a standalone policy separate from general home insurance. It can protect you against financial losses if a purchase falls through due to events beyond your control.
This insurance enables you to claim back some of your incurred expenses. These could include valuation/survey costs, searches and disbursements, arrangement and mortgage broker fees depending on the policy selected.
Home Buyers’ Protection Insurance is not compulsory but if you would like to explore your options, potential providers can be found in a simple online search.
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