Nationwide DIP

nmjams

Yesterday i got a DIP from nationwide, they did a hard search of my credit file and it came back 'accept'...phew!

Full mortgage app this saturday.

They have asked for last full month bank accounts statements for all used accounts and buildings and contents schedule.

How can i get buildings and contents insurance if i don't own or live in the house i'm buying? i'm currently renting so they can't mean for my present address, surely?
If i go the bank this week will they just print current statements and will they be acceptable? my printer just died

dgtazzman

New build or not?

If yes, you will need insurance from completion, otherwise from exchange. Arrange a policy accordingly and provide your solicitor the details, job done.

Mortgage_724433

To request this at this stage would be premature. If they're referring to your existing payments that will form part of your budget planner, which they should base upon future costs (basically expenditure from completion), and if they're referring to home insurance for the new property this typically forms part of the post application process.

You've done the right thing in getting a DIP, but did you research the whole of the market before choosing Nationwide. If not you may want to discuss this with your mortgage broker, as long as they're whole of market.