IMPORTANT! This is MoneySavingExpert's open forum - anyone can post
Please exercise caution & report any spam, illegal, offensive, racist, libellous post to forumteam@moneysavingexpert.com
-
All the best tips go in the MoneySavingExpert weekly email
Plus all the new guides, deals & loopholes
buildings insurance when buying a house
13-07-2012, 7:34 AM
|
MoneySaving Convert 
Join Date: Dec 2011
Posts: 146
Thanked 92 Times in 37 Posts
|
buildings insurance when buying a house
Hi, quick question,
I'm applying for a mortgage + I need to include details of insurance for the house. But surely I dont buy insurance for a house that isnt mine, before i know if they'll give me a mortgage for it?
Do insurance companies have some kind of system where u sign up for insurance but not til some point in the future + they give u details to quote?
Sorry, I just don't understand how it works!
Thanks!
|
|
|
|
13-07-2012, 8:16 AM
|
MoneySaving Convert
Join Date: Mar 2011
Location: Bristol
Posts: 178
Thanked 148 Times in 88 Posts
|
In my experience you don't need the insurance to receive a mortgage offer, however you will need to insure the house for exchange.
|
|
|
|
|
13-07-2012, 8:37 AM
|
Deliciously Dedicated Diehard MoneySaving Devotee 
Join Date: Feb 2011
Location: Stafford
Posts: 13,583
Thanked 7,419 Times in 5,626 Posts
|
I do quotes for my clients at the point we apply for the mortgage. During the mortgage processing I go back and do the insurance applications.
The insurance is left pending until we have an exchange date, then the buildings cover is put in force.
Contents cover commences at completion.
Good luck trying to do that on a comparison site. 
I am a Mortgage Adviser. 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.
|
|
|
 |
| Thread Tools |
Search this Thread |
|
|
|
| Display Modes |
 Linear Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
All times are GMT +1. The time now is 1:38 PM.
|
Free MoneySaving Email
Top deals:
Week of 22 May 2013
Get all this & more in MoneySavingExpert's weekly email full of guides, vouchers and Deals
GET THIS FREE WEEKLY EMAIL
Full of deals, guides & it's spam free
Last 15 mins
Popular Now:
Find the best online rate for holiday cash with MSE's TravelMoneyMax.
Find the best online rate for your holiday cash with MoneySavingExpert's TravelMoneyMax.
- £100 buys:
- Best
- Worst
- Euro
- 115.90
- 105.91
- Dollar
- 150.00
- 137.03
- Lira
- 270.60
- 249.08
|
Tesco Direct £10 off £75
Shell £20 of petrol for £10
Free Pimm's & lemonade
