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Cheap mortgage hunters urged to consider security

Date: Thu, 09 Mar 2006

Cheap mortgage hunters are being advised to make sure they ensure their new property will be secure.

Springtime usually sees an increase in the number of first-time buyers looking for cheap mortgage deals to secure their dream house, however, buyers often forget to factor in the cost of adequately insuring their new home.

However, Lloyds TSB Insurance is urging people to make sure that they have appropriate insurance cover, given that over 750,000 homes were burgled in 2005. A little of the money saved on a cheap mortgage deal could be better spent on upgrading security locks and lights rather than on new furniture.

Phil Loney, managing director Lloyds TSB Insurance, said: "It's clear that homes without adequate security measures are the most common targets for property crime, so first-time buyers should take note and ensure they've put in place all the vital safeguards before they move in.

"Hopefully, the advice we're providing will help anyone buying their first home to stay secure, before, during and after the move."


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