Cheap Mortgage Deals
Buildings Insurance - Cheap Mortgage Deals
All mortgage lenders will insist that the property you buy has Buildings Insurance. You can often purchase your Buildings cover at the same time as your Contents Insurance.
A lender will want to feel confident that the property you are buying with their funds is suitably covered for damage or total loss if for any reason a disaster occurs. This covers their investment in your property but most of all it covers your property against fire, flood and subsidence etc. If you are a renting a property your landlord is responsible for buildings insurance but not contents insurance.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
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