Protection for when a property transaction falls through

Buyer Protect is a reimbursement scheme, exclusively from Searches UK, which protects a homebuyer's money up to the value of £2,050 should their property transaction not proceed to completion.

A survey, recently conducted by Searches UK, revealed that 87 per cent of solicitors and conveyancers would recommend this invaluable product to their clients.

With approximately 25 per cent of property transactions failing to complete, it's no wonder that Buyer Protect is becoming more popular with homebuyers, solicitors, and conveyancers.

Buyer Protect covers mortgage broker fees, valuation fees, structural surveys, solicitors' fees, and disbursement costs for homebuyers, to name but a few.

Homebuyers will even be covered if they decide not to proceed with the purchase for reasons such as if the property sustains damage during the period between offer and exchange, or a local authority search highlights that the property is in a flood plain or the land is contaminated. Full terms and conditions apply.

Andrew Stenning, managing director at Searches UK, commented: 'We are delighted that so many solicitors and conveyancers are recommending this product to their clients. It is a genuinely worthwhile scheme that so many homebuyers have already benefitted from. When property transactions fail to complete, it can be extremely stressful; however, Buyer Protect offers added peace of mind.'

Searches UK is committed to providing an excellent service to its clients and will be happy to discuss adding this product to a pack.

Search Protect

A 'lighter' choice for homebuyers is Search Protect, which in principle works very similarly to Buyer Protect, the main difference being that only search costs are protected up to the value of £300.

Over and above the aforementioned cover, should the property be withdrawn by the vendor, the vendor receives and accepts an offer from another buyer, or the vendor is not legally entitled to sell the property, homebuyers would still be covered by both of these protections.

All clients of Searches UK have both of these schemes available to them; homebuyers must simply request that these products are added to an order, otherwise they will not be covered by this protection.

Homebuyers who have made use of Buyer Protect praised the scheme and said: 'We had two house purchase disasters within the space of 7 months. The first was found to have a major structural issue and the second property fell through when the vendor decided not to move. On both occasions we had paid for surveys, searches, mortgage administration costs and legal fees. Searches UK quickly and efficiently provided us with refunds of our costs for both properties. We would have lost thousands of pounds without Buyer Protect. I can't recommend them enough.'

Searches UK is one of the UK's leading search providers, specialising in a full range of professional conveyancing services for both residential and commercial properties. With a team of industry professionals and expert search agents, providing a fast, reliable, accurate, and cost-effective service is a priority. In addition to conveyancing searches, Searches UK offers unique products, indemnity insurance policies, and free continued professional development (CPD) to provide clients with all the tools and knowledge required to lead a successful and professional business. For information about our products and service on the move, download the free Searches UK App from the Apple and Android App store.

Above all, Searches UK is a personal company that will go above and beyond to accommodate individual client requirements, and boasts an average score of 9.9 out of 10 in a review of our commitment to professionalism, quality of service, advice, communication, and customer service on Checkaprofessional.com.

For more information about any of the products and services from Searches UK, visit the website and follow us on Facebook, Twitter, LinkedIn, or Google+. Alternatively, call directly on 0800 043 1815 or email info@searchesuk.co.uk to speak to one of the dedicated team today.