Nationwide asking us to include them in insurance

[abillybob]

Hey Peeps!

 

So in a clause of our Mortgage offer it states we need to include interest to the Mortgage Lender (Nationwide) in the Home Insurance policy.

 

We have taken out insurance with Admiral after calling Admiral on the Monday they said it was standard practice to include a clause in their insurance that states interest for the mortgage lender also. So Tuesday comes and we buy the insurance... Surprise, Surprise the mortgage lender isn't mentioned in any of the documents or even the small print.

 

Contacted Admiral today via email and they have stated a law was passed in 2012 meaning they legally can't add Nationwide's name to the policy or mention that the mortgage lender retains any interest in the policy and that they're sorry.

 

I've contacted a couple other insurers such as Lloyds etc and they also all say the same. So what are we supposed to do? We have just exchanged and will be completing next week and our solicitor has asked for proof that we have included Nationwide in our insurance otherwise he can't sign them off. We're really starting to panic as we don't know where else to turn! http://static.moneysavingexpert.com/images/forum_smilies/frown.gif

 

Any help guys would be most appreciated!!!!

[Oaktech]

That's weird... We've got 2 very complex nationwide mortgages and we've never been asked to do that.

 

Nationwide provide their own insurance product which has proven to be very cost effective, why not get a quote off them directly and see if they can fulfill their own requirements?

[Steve21]

I used Nationwide directly too.

 

Steve

[pcstru]

That's weird... We've got 2 very complex nationwide mortgages and we've never been asked to do that.

 

Nationwide provide their own insurance product which has proven to be very cost effective, why not get a quote off them directly and see if they can fulfill their own requirements?

 

^^this. Also ask the solicitor for advice on the law change in 2012 (did it/didn't it?). They may be able to point you in the right direction.

[abillybob]

Cheers Peeps