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Insurance on house (building only) with mortgage
maccyboy1
Posts: 1 Newbie
As the above title ...
Has anyone been told by their bank they had to take out buildings insurance to get the mortgage?
If so did you claim the fees back for miss selling ?
Has anyone been told by their bank they had to take out buildings insurance to get the mortgage?
If so did you claim the fees back for miss selling ?
0
Comments
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Has anyone been told by their bank they had to take out buildings insurance to get the mortgage?
Yes. Everyone. It is a standard requirement with all mortgages.If so did you claim the fees back for miss selling ?
No. That would just be totally silly. Plus, it is unlikely that any fees were involved as banks rarely charged explicitly for the provision of insurance contracts.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
Suppose your house burned down - you would be left with no home and a debt of tens, or possibly hundreds, of thousands of pounds.
How would you repay it and put a new roof over your head?
So of course the lender is going to insist that it is insured.0 -
this forum gets worse and worse0
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