Homeowners fail the key question

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first time buyers purchase

58% of homeowners in the country didn’t change the locks when they purchased their property – meaning that they couldn’t say for certain who has access to their home, according to research from Ocean Finance.

Ocean Finance’s research reveals that only 30% changed the locks on all exterior doors when they bought their property. A further 12% changed the locks on some of the exterior doors.

Consumer Intelligence questioned a nationally representative sample of 2,061 adults aged 18 and over between 5th and 6th November 2013.

Ian Williams from Ocean Finance said: “Most, if not all, homeowners would say that securing their house was very important to them. So it’s really odd that we don’t take the basic precaution of changing the locks. We seem prepared to take it on trust that the vendors and estate agents have given us all the copies of the keys.”

City dwellers seem less trusting, with 48% of them changing all the locks when they moved in. People from more rural communities such as Devon and Cornwall seem more relaxed, with 70% leaving the locks unchanged.

Young people (those under 25) seem significantly more likely to change the locks when they buy a home, with 54% changing some or all of them. By contrast, 41% of people over 65 said they did the same when they last moved.

Williams added: “For most people, buying a house is the largest purchase they’ll ever make. So spending a few extra pounds just for the peace of mind of knowing who has a key to it seems sensible. For those with a burglar alarm, changing the de-activation code would also be a wise precaution.”

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