Home Buyers Protection

Home Buyers Protection

A House Buyer’s Protection policy is there to protect your pocket against a few of the mistakes that can happen in the purchasing process and bring a little comfort to our clients moving house in today’s unpredictable market.

Exactly what does it protect against?

  • Protection from “Gazumping” by an offer of ₤1,000 or more
  • The property being withdrawn from sale
  • Having to withdraw from the purchase due to unexpected illness
  • You or your purchaser passing away, being made redundant, or provided notice of moving
  • The mortgage lender insists on rectification work that costs more than 10% of the initial sum provided and accepted
  • The property is harmed before the sale is full and the rectification work exceeds 10% of the original sum provided and accepted

 What is the expense?

A flat cost of ₤ 79.50.

What does it supply?

  • Around ₤1,500 of cover comprised of –
  • ₤750 to conveyancing charges
  • ₤500 to survey/valuation fees
  • ₤250 towards mortgage/lenders fees

What do I need to do?

There is a basic one page form to complete which we then forward to the insurance provider, then they send all documents to you immediately. It really is that simple.

The Mortgage Hut are an Independent “Whole of Market” UK Mortgage Broker. We are committed to offering the best financial advice and the highest standards in customer care.

Contact The Mortgage Hut today, you will be pleased you did.

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