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Insurance quotes during Mortage app

SMW87
Posts: 94 Forumite
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
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
0
Comments
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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 risk0
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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.0 -
Thanks guys, I will give them a ring now0
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5 minute call resulted in a £48 reduction! That will do for this years insurance0
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