We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
Buildings insurance on exchange date?
orangepeel105
Posts: 20 Forumite
I have read that buildings insurance should be arranged before or on the date of exchange of mortgage contracts. I was wondering which insurers any of you had used that will insure a property either before or on the day of exchange (presumably a quick phone call after exchange has taken place to arrange cover to start that day?). I've got a lot of quotes but I've called three companies so far and they have all said they either can't arrange cover for the day of the exchange, or some even before the completion date.
FTB 90% LTV application with Nationwide:
DIP: 7/8 (referred due to LTV)
Application submitted: 13/8
Valuation completed and NW text confirming it has been received: 20/8
Hard search performed: 24/8
Offer issued: 18/9
DIP: 7/8 (referred due to LTV)
Application submitted: 13/8
Valuation completed and NW text confirming it has been received: 20/8
Hard search performed: 24/8
Offer issued: 18/9
0
Comments
-
Weird, can't say I've ever had a problem.0
-
What reason have they given?orangepeel105 said:they have all said they either can't arrange cover for the day of the exchange, or some even before the completion date.0 -
I called my current provider and got them to add on the new property - they covered me for both my current house and the new house for the period between exchange and complete. I did have to pay extra due to the size of house I was buying. I'm with Lloyds.0
-
I've now gone with Lloyds, they were super clear and helpful compared to everyone else, thank you for the recommendation!mundibananas said:I called my current provider and got them to add on the new property - they covered me for both my current house and the new house for the period between exchange and complete. I did have to pay extra due to the size of house I was buying. I'm with Lloyds.FTB 90% LTV application with Nationwide:
DIP: 7/8 (referred due to LTV)
Application submitted: 13/8
Valuation completed and NW text confirming it has been received: 20/8
Hard search performed: 24/8
Offer issued: 18/91
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 349.9K Banking & Borrowing
- 252.6K Reduce Debt & Boost Income
- 453K Spending & Discounts
- 242.8K Work, Benefits & Business
- 619.7K Mortgages, Homes & Bills
- 176.4K Life & Family
- 255.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 15.1K Coronavirus Support Boards