What is the HOPP?
Despite being one of the biggest purchases most people make in a lifetime, buying a house still relies heavily on a trustworthy code of conduct between all parties.
The Home Owners' Protection Policy (or HOPP) is an insurance policy that protects and covers a homebuyer and lender against a wide range of risks they may encounter in the course of buying, mortgaging or using a residential property.
There are risks that even the most diligent solicitor cannot prevent, such as forgery, identity theft, fraud, misrepresentation by a seller, boundary disputes, and lack of planning permissions and building regulation consents for previous alterations.
Taking out a HOPP policy when buying a property also ensures you will have legal expenses cover to allow First Title to assist you in resolving any problems, either by fixing it or compensating what has been lost.
The risks a HOPP will cover are very real. To understand how the HOPP can help, take a look at some of the case studies and further information in this section, all covered by the Home Owners' Protection Policy.