Buildings insurance covers the structure of the property such as the roof, walls, windows and fixtures and fittings such as fitted kitchens and bathroom suites. The Lender will usually require that this insurance is in place before any funds are released.
Please note that home insurance is designed to cover certain unforeseen events and doesn't cover everything. It does not cover things like general wear and tear or damage that happens gradually over a period of time. There is also an excess on each claim. For insurance business we arrange policies exclusively with Legal & General.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Typically we do not charge a fee, however if we do, depending on your circumstances, it will be a maximum of £300.