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Barclays offers free gazumping protection

Barclays is offering free home protection plans to mortgage applicants in case they are gazumped in the process of buying a house.


Home Buyer&#39s Cost Protection covers customers if a purchase falls through because the seller accepts another offer or the customer withdraws because the valuation is more than 5 per cent lower than the purchase price.


Cover includes legal costs up to £350 and the cost of a valuation or home buyer&#39s survey.


It is also launching a Guaranteed Home Buyers Survey offering up to the market value of the property to a maximum of £250,000. There is an excess of £500 on every claim.

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