Compulsory House Insurance

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mike6653
mike6653 Posts: 1 Newbie
in Reclaim mortgage fees, council tax, etc
It may have been asked before,but when I took out my mortgage with Northern Rock I was forced to take out House Insurance with them.Was this mis-sold and if so how can I claim it back?

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  • dunstonh
    dunstonh Posts: 116,387 Forumite
    Name Dropper First Anniversary First Post Combo Breaker
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    No you were not mis-sold. House insurance is required to get the mortgage. However, you are able to shop around and pay £25 to use another provider. You dont have to use their product although I do believe they did have some deals a while back that did require you to buy from them to get the deal (it may be someone else I am thinking of though). That isnt a mis-sale but you dont have to stay with them beyond renewal.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
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