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home insurance??

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sam1970
sam1970 Posts: 1,196 Forumite
Part of the Furniture 500 Posts Combo Breaker
in Mortgages & endowments
Im hoping to exchange contracts on my new house tomorrow and complete in 2 weeks...i heared that after exchange the house is my responsibility and i have to arrange proper insurance...I presume building insurance ...is that true??

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  • theGrinch
    theGrinch Posts: 3,133 Forumite
    Part of the Furniture 1,000 Posts
    yes. usually its also a condition of the mortgage where applicable
    "enough is a feast"...old Buddist proverb
  • terrierlady
    terrierlady Posts: 1,742 Forumite
    usally your solicitor wont exchange until you have the home insurance in place to safeguard you.many insurers will fax a copy to your solicitor straight away if you have left it a bit late.
    my bark is worse than my bite!!!!!!!!
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