Q:We have been reccommended a mortgage through our broker, which we have agreed to. We were sent the paperwork to complete and send back (with proof of ID etc etc…) and on one page it relates to home insurance. It says that a charge may apply if we get our own insurance which they will have to approve, rather than use their recommended insurance. Is this normal, or is it a way of them making sure you take insurance through them?
Do we have to have buildings and contents cover set up BEFORE they will offer us the mortgage? what if they decline the mortgage after we take out cover?
What order should we be doing things Im a little confused. Our solicitor only works part time (mornings) which dosnt help!
Any advice appreciated
Thanks
tags: own insurance, proof of id
posted in mortgage by admin
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