It’s every young couple’s dream to own their own place and with house prices at a low, now would appear to be a good time to buy, but the credit crunch has made that almost impossible.
While it is a buyers market out there at the moment you need to have the readies to hand to actually buy as finding a mortgage is certainly a challenge. Lenders are nervous due to the economic situation and increased unemployment.
Also research into mortgages and loans has shown that a lot of “self certified” mortgages have been mis-sold. Self cert mortgages or “liar’s loans” as they are also known are for self employed people who can’t always be sure of their income. As it turns out a lot of these loans have been given to fully employed people. With that in mind it is clear why lenders are now being more cautious.
Whilst a few more products are becoming available to allow young people to buy it is still going to be a tough time on the financial front. That is where Westhill Insurance comes in as it specialises in house and home insurance.
Being a specialist in this field means that Westhill Insurance can keep your costs down once you’ve made your big purchase. It can also advise on what type of cover is most suitable for you and which is most cost effective. A lot of people are making a false economy by simply not taking out insurance but this can leave you wide open if something should go wrong.
This month Westhill is offering 10 per cent off household policies taken out and every 25th policy written will be free thanks to its 25th anniversary celebrations of trading in the insurance world. Add that to Westhill Insurance’s involvement in a new business scheme which allows it access to exclusive insurance deals means you’d be foolish not to get in touch.
As a new home owner Westhill Insurance understands exactly what you need so for further information please visit www.westhill-
