Things to sort when buying?

Rapished

Hi there i'm about to buy a second house, it was 7 years back when we brought our first and simply cant remember the process, and need clarity on a few other bits?

so far

Mortgage agreed and valuation booked in next week

we obviously have funds and a conveyer sorted but now for

Building cover (direct line we use on the other one?)?

Mortgage protection to cover accident, unemployment, sicknes

we have life insurance already with Aviva I think

do we need a separate critical illness policy? this seems to be a fair chunk of funds

What else do we need to arrange, any help would be great cheers.

fawny

Hi,

Speak to your current insurer if you are happy with them regarding cover. Our mortgage says we need to have cover from exchange so I spoke to our current insurer(LV) & they said just to give them a call on exchange day & they will then hold cover on both houses for us until we exchange & then just swap it onto the new house Obviously we will have to pay a bit extra for the new house but it's bigger.

Rapished

No we are keeping both houses so need totally new policies for this one, its just which ones, ie critical illness or not to bother due to expense

phill99

I assume you ate letting one house out. So why do you need critical illness?

I know loads of people that have critical illness. But not one that has ever claimed on it. I can't help think its one of those policies that benefits no one except the insurance company that sells it to you.