We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

mortgage lender want named on buildings insurance policy!

Options
2»

Comments

  • dunstonh
    dunstonh Posts: 119,680 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    I have seen lenders request being named as joint holder. Its a bit old fashioned now and I suspect rare nowadays but it used to be commonplace.
    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.
  • Beccilou
    Beccilou Posts: 12 Forumite
    I work for an insurance company and its not compulsory by all mortgage providers, however, some do insist on their interest been noted on the policy.
  • jonesMUFCforever
    jonesMUFCforever Posts: 28,898 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Beccilou wrote: »
    I work for an insurance company and its not compulsory by all mortgage providers, however, some do insist on their interest been noted on the policy.
    This is what I knew happened but this is not the same as being a joint policyholder.
  • Goldiegirl
    Goldiegirl Posts: 8,806 Forumite
    Part of the Furniture 1,000 Posts Rampant Recycler Hung up my suit!
    rs65 wrote: »
    I would tackle it the other way round and get the lender to confirm that they no longer need their interest noted.

    Or get a different lender
    Early retired - 18th December 2014
    If your dreams don't scare you, they're not big enough
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.6K Spending & Discounts
  • 244K Work, Benefits & Business
  • 598.9K Mortgages, Homes & Bills
  • 176.9K Life & Family
  • 257.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture