Bought Your First Home? Why You Need an LPA Now
Bought Your First Home? Why You Need an LPA Now
Congratulations on buying your first home. You have saved for years and finally got the keys.
Now there is one more thing you need: a Lasting Power of Attorney.
You Have Just Made the Biggest Purchase of Your Life
Your home is likely the most valuable thing you own. It is also your biggest debt.
If something happens to you:
- Your mortgage still needs paying every month
- Nobody can access your salary to pay it
- Your partner/family cannot access your accounts
- Missed payments risk repossession
What Happens to Your Home Without LPA
The solution without LPA: Court of Protection application. Takes 6+ months. Your mortgage is already in arrears by then.
With LPA: Your named attorney steps in immediately, pays bills from your account, manages your property.
The Cost Comparison
Buying your home: £60,000+ in deposit and fees LPA protection: £92 (OPG registration; making the LPA with myLPA is free)
You have just spent £60,000+ buying your home. £92 to protect it is nothing.
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Protect Your Biggest Asset
You worked hard for your home. Make sure it is protected.
Ready to create your LPA?
Sort it calmly, while it’s straightforward. Both types of Lasting Power of Attorney, free to make, checked by a person before you sign.
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