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House insurance without date of completion
Comments
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The comparison site brigade, by any chance?the_wheels_have_fallen_of wrote: »A lot of insurers WILL NOT insure on Exchange, you have to give them a completion date - I literally found this out last week as my solicitor wanted me to insure from exchange date.... my experience showed that if the house doesnt belong to you, a lot are reluctant to insure ....
Most of them are set up for the low hanging fruit. Cases where the property is already owned, there is no requirement to add the interest of a lender and where cover is due to start that day.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
kingstreet wrote: »The comparison site brigade, by any chance?
Most of them are set up for the low hanging fruit. Cases where the property is already owned, there is no requirement to add the interest of a lender and where cover is due to start that day.
Funny enough ... yes .... they were all the same !!! So are you saying that other lenders (not on the comparison sites), then this doesnt represent a problem on exchange ?0 -
the_wheels_have_fallen_of wrote: »Funny enough ... yes .... they were all the same !!! So are you saying that other lenders (not on the comparison sites), then this doesnt represent a problem on exchange ?
The only person who has told me it wasn't possible to insure from exchange was a broker who rung me after their website returned no quotes.
FWIW, unless you're looking for the absolute cheapest policy (I'm not, I also want one from an insurer with a good reputation), then check out M&S Bank or Liverpool Victoria. I was going to go with the former but the latter seems to have good reviews and they quoted me £100 cheaper (although annoyingly that includes an extra £40 "premium" because I run a business from home).
Both will let you insure from exchange and specify your lender's interest online.0
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