Buyer's Protection

Buying a home? Take cover from the unexpected with Buyer’s Protection.

Call one of our Advisers now: 0800 0850118

If you are about to start the process of buying a home you have probably looked at all the costs involved. Whilst we hope your purchase will go smoothly things can sometimes go wrong.

As a property buyer, you face the possibility of finding yourself out of pocket due to survey/legal fees if your home purchase falls through.

Now, thanks to Buyer's Protection from Legal & General, you can reclaim up to £600 in costs if your home purchase does not complete.

Buyer's protection is provided free-of-charge when arranging a mortgage for your new purchase through any Mortgage Advice Bureau Adviser.

Buyer’s Protection is designed specifically to protect you in the event of the following unexpected circumstances:

• The seller withdrawing the property from sale for any reason except delay or unreasonable conduct by the buyer.
• The buyer withdrawing from the purchase of the property because of an adverse survey/valuation.
• The buyer withdrawing from the purchase due to an adverse local land charges search.
• The buyer being notified by their employer of an impending relocation or redundancy.
• The sudden or unexpected death of a buyer or a member of their immediate family.

Remember, making a commitment to purchase a property is also a commitment to costs such as legal fees, valuation and lender arrangement fees.

Buyer’s Protection offers you peace of mind.

How does Buyer’s Protection work?

You can apply for Buyer’s Protection if you are purchasing a residential or buy to let property in England or Wales and are arranging a mortgage through a Mortgage Advice Bureau Adviser. Buyer’s Protection cover is provided for 90 days from the date your mortgage application is submitted on a specific property. Should your purchase fall through for any of the reasons listed earlier, and your claim is validated you will benefit from:

• Receiving a cost voucher to a maximum value of £600

You have up to six months to redeem your voucher and you must submit a new mortgage application on a subsequent house purchase through the same Mortgage Advice Bureau Adviser, within six months of the voucher being issued.

For full details of Buyer’s Protection please refer to the policy certificate.

For insurance business we arrange exclusively policies from Legal & General.