Don’t lose out fi­nan­cially if prop­erty sale falls through

Harefield Gazette - - UXBRIDGE PROPERTY -


Turbervilles es­tate agents, which has branches in Hilling­don (above) and Uxbridge (right) is of­fer­ing free in­sur­ance to o pro­tect buy­ers and sellers if their sale or pur­chase is aborted.

SO, YOU’VE found a home you want to buy and you’re ready to put in an of­fer. It’s then that you start pay­ing for so­lic­i­tors, sur­vey­ors, mort­gage ad­vis­ers and other ser­vices to help you with your pur­chase.This soon adds up to thou­sands of pounds – a big in­vest­ment that could be lost if the pur­chase falls through.

Frus­trat­ingly, con­veyanc­ing com­ple­tion sta­tis­tics in­di­cate that one in three prop­erty trans­ac­tions fail.

A re­cent sur­vey con­ducted by emoov in Au­gust 2015 in­di­cated that 13% of buy­ers ex­pe­ri­enced gazumping dur­ing their pur­chase (down from 22% in 2014).

To help give our clients peace of mind when go­ing through this stress­ful time, Turbervilles Es­tate Agents as part of Turbervilles So­lic­i­tors, of­fer free in­sur­ance for home buy­ers and sellers which can pro­tect you in the event of be­ing gazumped, or if the seller changes their mind.

When you in­struct Turbervilles, your stan­dard con­veyanc­ing pack­age will au­to­mat­i­cally in­clude a home buy­ers’ or home sellers’ in­sur­ance pol­icy which cov­ers you for up to £1,500 in the event that your trans­ac­tion fails to com­plete, sub­ject to the pol­icy terms.

The pol­icy has one main aim in mind; to re­im­burse the costs that would have been lost if a prop­erty pur­chase falls through for the new buyer.

Even though there are be­tween 750,000 and 1,000,000 suc­cess­fully com­pleted res­i­den­tial trans­ac­tions per year in the UK, there are still more than 170,000 trans­ac­tions that fall through.

On av­er­age, each of th­ese aborted trans­ac­tions costs the con­sumer £996 in abortive so­lic­i­tors’ fees, sur­vey fees, mort­gage len­ders’ ar­range­ment fees and dis­burse­ments.

This is why we are re­ally pleased to be the only firm in the Uxbridge area to of­fer our clients home buy­ers’ or sellers’ pro­tec­tion.”

So if you want to have al­limpor­tant peace of mind when buy­ing or sell­ing your home, call 01895 231311 to find out how Turbervilles can help you.

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