Do I have to buy buildings and contents insurance from my mortgage provider?
Many years ago, some mortgage lenders used to insist that you bought their (often expensive) home insurance. Thankfully this was stamped out and now you are not tied to them for buildings insurance. You do have to demonstrate that you have cover but any insurer is happy to issue a certificate to your mortgage lender, it is a fairly common request. Historically there was a £35 charge made by the mortgage lender to process this ‘administration’ but I am pretty sure that is also no longer practiced by anyone. Shop Around!!
