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LET US PROTECT YOUR SALE OR PURCHASE

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Wed 22 Jun 2016

LET US PROTECT YOUR SALE OR PURCHASE

"Consumer organisation Which? have reported that almost three in 10 buyers have seen their house purchase fall through after making an offer - typically leaving them almost £3,000 out of pocket as a result.

A survey by Which? Mortgage Advisers of 2,000 homebuyers - each of which bought their home in the previous two years - found that among that group it takes over four months on average, from starting a property search to having an offer accepted. 

Within the sample 28% of purchases fell through after that point.

The main reasons for a property purchase falling through were the seller decided not to sell their home after all (accounting for 27% of fall-throughs), the buyer pulling out as their own property sale had fallen through (21%), the buyer finding somewhere else to buy (21%), or being gazumped (again 21%).

Of those who had lost money and knew how much they were out of pocket, the average loss was £2,899. 

This included conveyancing, survey, mortgage valuation or brokerage fees; these could not be recovered after the fall-through." - NAEA News

Moving Made Cheaper have only had 1 of 21 sales fall through this month, which was due to the downward chain collapsing. This only equates to 4.8% of sales - far fewer than the national average. We work hard to overcome any obstacles which may crop up during a sale and work closely with a number of professionals and trades people to keep sales going and customers happy.

Our mortgage adviser also offers BUYER'S PROTECTION as an additional product to all their mortgages. For just £1, it covers up to £1850 of your potential costs, should the purchase fall through.

If you would like to know more, please do not hesitate to call or email us - we look forward to speaking with you :)