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mortgage lender want named on buildings insurance policy!

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Comments

  • dunstonh
    dunstonh Posts: 120,003 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
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