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Does insurer know who mortgage is with?

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TepidSoup
TepidSoup Posts: 3 Newbie
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in House buying, renting & selling
FTB here. I was wondering if our building insurance provider knows, or needs to know, who we went with for our mortgage? I understand I'll be telling our mortgage provider who insures the house, bit what about the other way round?

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  • da_rule
    da_rule Posts: 3,618 Forumite
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    I can't say I've ever put that information in when getting buildings insurance. I also haven't told my mortgage lender when I've switched. I think it was just a term of the mortgage that we have insurance for an amount required in order to reinstate the building. But I'll have to check the terms now to see if I should be updating them...
  • TepidSoup
    TepidSoup Posts: 3 Newbie
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    From my own research it seems likely they would want to know if it changed. Thanks for the quick reply, it's calmed my OH who was panicking that we maybe didn't complete the form correctly :)
  • dgtazzman
    dgtazzman Posts: 1,140 Forumite
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    Depends on the mortgage provider. HSBC demanded a statement from my insurance company confirming they new the house was mortgaged with them, while Nationwide only wanted confirmation the house was insured on my previous house a few years back.
  • G_M
    G_M Posts: 51,977 Forumite
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    Many mortgage lenders require that they are named as an interested party on the insurance.
  • casper_g
    casper_g Posts: 1,110 Forumite
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    dgtazzman wrote: »
    Depends on the mortgage provider. HSBC demanded a statement from my insurance company confirming they new the house was mortgaged with them, while Nationwide only wanted confirmation the house was insured on my previous house a few years back.
    Really? I have my mortgage from HSBC (branded as First Direct) and I don't remember this. Worried I missed something now!
  • silvercar
    silvercar Posts: 46,960 Ambassador
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    Insurers usually ask if you want a 3rd party's interest registered on the policy.

    What is the big secret?
    I'm a Forum Ambassador on The Coronavirus Boards as well as the housing, mortgages and student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.
  • AdrianC
    AdrianC Posts: 42,189 Forumite
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    Anybody can find out who your mortgage is with. It costs an individual a couple of quid to get the information from the Land Registry, and corporates will have access deals.
  • kingstreet
    kingstreet Posts: 38,765 Forumite
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    Since the expiry of the agreement between bankers and insurers, mortgage lenders can no longer demand to be added to policies as interested parties, or joint insured.

    However, some will want one of those options so you would have to ask your insurer if they would like to oblige.

    As with many things in the mortgage market, each lender has its own requirements.
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
  • casper_g
    casper_g Posts: 1,110 Forumite
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    silvercar wrote: »
    Insurers usually ask if you want a 3rd party's interest registered on the policy.

    What is the big secret?
    I don't remember ever seeing this when buying insurance online. I've only been a homeowner for five years, so maybe things have changed in the last few years?
  • glentoran99
    glentoran99 Posts: 5,821 Forumite
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    Ive never had that question ever
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