Firm offers fixed price buyer protection

Firm offers fixed price buyer protection

A firm is offering a Home Buyers’ Protection, for £79.50, which will help protect home buyers from the financial worry of their house sale falling through.

Nearly a third of house sales fall through for a number of reasons.

Policy-holders will have their expenses covered if;

– The property is withdrawn from sale

– They are "gazumped" by an offer of £1,000 or more.

– They have to withdraw from the purchase due to personal/family reasons

– They have to withdraw from the purchase due to unforeseen illness

Consumers will receive up to £1,500 of cover for 120 days (4 months), including £250 towards mortgage/lenders fees (that also protects your fee as a broker should the sale fall through).

The policy is available from The Source. For more information visit their website or click here and download the form.

What do you think of this service? Is it something conveyancers should recommend to clients?  

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