Monthly insurance payments 31 August 2019 at 10:15AM edited 30 November -1 at 1:00AM in Credit File & Ratings 5 replies 410 views

St_95

Hi all. Brief background; we have just been given a mortgage offer that runs to 31 Dec '19, at worst our completion date may stretch into 2020 and therefore a new mortgage product will be needed, meaning a new credit check.

As we are ending our tenancy once we move out, we do not want to pay a years home insurance and would be looking to move to monthly payments. What I want to know is, do monthly insurance payments show as a line of credit in your credit report?

We obviously don't want any new accounts opening in case we need a new hard search from the lender.

Thanks!

[Deleted User]

It depends if the insurance provider reports to any of the CRA’s.

sourcrates

Normally no, non of my car or home insurance policies appear on my credit reports.

St_95

I thought, and hoped, that would be the case! The insurer is AXA, I don't suppose any of you know for sure with them?

sourcrates

St_95 wrote: »

I thought, and hoped, that would be the case! The insurer is AXA, I don't suppose any of you know for sure with them?

Yes I have been with AXA, it didn`t appear on any of my credit files, my Talk talk phone/BBand service does, home and car insurance dosen`t.

m-holland

All I can advise is that Admiral DOES show up on credit profiles