Ipswich-based affinity market consultancy R3: Group and Direct Valuations have launched an enhanced survey proposition for their mortgage lender clients.
The new initiative allows the coupling of Buyers Insurance and Latent Defects Insurance with the Homebuyer Reports and surveys, enhancing the product and service to lenders and clients.
The Buyers Insurance product now includes a voucher to the customer to cover the cost of future survey fees, up to a set amount, in the event that the home purchase falls through.
Latent Defects Insurance provides protection in the event that a defect, which could not have reasonably been detected as part of the survey, comes to light after the sale and results in repair work to the property being necessary.
R3: director Robin Williams said: "We are delighted to have assisted Direct Valuations in developing and delivering a true added value service to their lender clients and customer base".
