AA Insurance: Home movers unhappy with new place

20 September 2007
Nearly a third of people moving into a new home are unsatisfied with their new abode, according to a new report.

A survey by AA Insurance found that 29 per cent of people were unhappy with aspects of their new property, which could be largely attributed to a lack of knowledge about the property buying process.

The company discovered that 29 per cent said the process was difficult, with hidden faults and untrustworthy estate agents cited by many as key concerns.

Janet Pell, head of AA Insurance, said: "For most people, buying a home will be the most important purchase they make in their lifetime, so it’s really important to get it right and make sure you have no regrets once the contract is signed."

People looking for their "dream home" should shop around for the best deals on mortgages, surveys and home insurance, she advised.

Earlier in the year, a survey by Alliance & Leicester found only five per cent of UK adults claim to live in their ideal home.

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