Buildings Insurance - £25 admin fee for own insurance
edited 30 November -1 at 1:00AM in Insurance & Life Assurance
3 replies 489 views
I thought I had read somewhere that mortage companies who charge a £25 'admin fee' for customers who take out their own insurance, were acting against good practice. In my case, Bristol & West have insured two buy to let properties for 12 months through their own company Zurich. I have found similar cover with another insurance company at lower cost. Suddenly, after 2 months, although Bristol & West were informed immediatley, Zurich have decided to ask for a £25 fee for moving my cover to another comapny. Is this legal, or just a try on? Has anyone had a similar experience, I know some insurance companies offer to pay this fee if you change insurance companies.
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