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First timer looking for advice
Mr_no_dough
Posts: 12 Forumite
Hi guys,
Nearly on the home stretch buying our first place,all finances in place, contracts ready to be signed,just asking for advice r:e insurance.
When does life insurance have to be in place? Before we sign contracts before we complete? New to all this and don't know who to ask through fear of sales pressure from mortgage broker/bank.
Thanks in advance
Nearly on the home stretch buying our first place,all finances in place, contracts ready to be signed,just asking for advice r:e insurance.
When does life insurance have to be in place? Before we sign contracts before we complete? New to all this and don't know who to ask through fear of sales pressure from mortgage broker/bank.
Thanks in advance
0
Comments
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Buildings insurance should be in place when you exchangeYou can pick your friends and you can pick your nose but you can't pick your friend's nose.0
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Life assurance should be in place ideally at exchange of contracts but it doesn't always happen that way if it goes through medical underwritingI am a Mortgage Adviser
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.0 -
yes but they are asking about life insuranceRain_Shadow wrote: »Buildings insurance should be in place when you exchange0 -
You don't HAVE to have life insurance in place..
Only buildings for the mortgage purposes, and that's by completion
**Just exchanged on my house on Friday!**'How long is a piece of string' has never been more applicable.0
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