New property deposit cover launched
London & European has launched Deposit Cover – a deposit guarantee insurance policy designed to keep property transactions moving.
Deposit Cover has been designed to allow a purchaser to delay payment of a deposit until completion. If a purchaser fails to complete, the deposit guarantee pays the vendor the face value of the deposit.
Christopher Taylor, CEO of London & European, saids: “Deposit Cover helps to lubricate the wheels of the property buying process. The product does not remove the need for the purchaser to pay the deposit price of the property, but it does delay it until completion, and there are some significant
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