I 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.
We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Season's greetings to our wonderful Forumites! Check out our amazing Advent calendar for some festive threads, plus we've got a fantastic A-Z of 2024 on the Forum. To quote Richard Osman, "Have a lovely Christmas. If Christmas is a hard time for you, then have a peaceful one." If you need some support during the festive period, please head here
Does NatWest ask for proof of home insurance before completion?
AndyDufresne
Posts: 65 Forumite
Just wondering as I’m not sure that I’ll have received the insurance documents through the post.
Does anyone know if they ask for any documentation (I.e. proof of insurance) before releasing funds?
0
Comments
-
They never with me, My solicitor just asked if it was in place and that was enough1
-
Oh right. Did they ask that before exchange?C225 said:They never with me, My solicitor just asked if it was in place and that was enough0 -
I wasn't asked by Natwest but then again I did have my policy documents emailed to me within about 15 minutes of taking the policy out so I didn't think too much about it.1
-
Your solicitor checks, up to them how assiduously they do so. Have you not had confirmation online that it's been put in place? Been a while since I've had any sort of paper insurance documents!1
-
The lender will not ask for confirmation of this. Occasionally the solicitor will check it out on behalf of the lender. This may range from assuming you'll put it in place through asking you to tick a box to confirm you will, to asking for policy documents to confirm correct level of cover in place.
If your solicitor hasnt asked about it then dont worry about it. Even if they do, most are only looking for a quote and the amount of cover. Since you don't start the policy until exchange or completion then you cant provide anything more than this at this stage1
Categories
- All Categories
- 347.4K Banking & Borrowing
- 251.7K Reduce Debt & Boost Income
- 451.9K Spending & Discounts
- 239.6K Work, Benefits & Business
- 615.6K Mortgages, Homes & Bills
- 175.2K Life & Family
- 253K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 15.1K Coronavirus Support Boards