We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Want to become a Forum Ambassador? Visit the Community Noticeboard for details on how to apply

Insurance quotes during Mortage app

SMW87
SMW87 Posts: 94 Forumite
in Mortgages & endowments
Hi all

I am currently in the process of applying for a mortgage with Virgin. My car insurance is due on Friday and Im wondering can i shop around for quotes or would it be too risky?

Alternatively, if i phone my existing insurer to renegotiate a price, will this still leave a mark on my score?

the renewal price is very poor!

Thanks in advance

Comments

  • Mummyto4kids
    Mummyto4kids Posts: 195 Forumite
    I stuck with a renewal mid mortgage app and its cost me more, but after posting on here a few people said car insurance wouldn't have made a difference to a mortgage app - I just didn't want to take the risk :(
  • amnblog
    amnblog Posts: 12,782 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Phoning your current provider and telling them to get real with the renewal price might be the best idea.


    I cant see a Confused.com type credit search on your record derailing a mortgage application on it's own however.
    I am a Mortgage Broker

    You should note that this site doesn't check my status as a Mortgage Broker, 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.
  • SMW87
    SMW87 Posts: 94 Forumite
    Thanks guys, I will give them a ring now :)
  • SMW87
    SMW87 Posts: 94 Forumite
    5 minute call resulted in a £48 reduction! That will do for this years insurance :)
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
  • 353.9K Banking & Borrowing
  • 254.3K Reduce Debt & Boost Income
  • 455.2K Spending & Discounts
  • 246.9K Work, Benefits & Business
  • 603.5K Mortgages, Homes & Bills
  • 178.3K Life & Family
  • 261K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K 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