Hi,
I have approval in principal from PTSB for a mortgage. I've just gone sale agreed on a property so I'm on with the bank about the necessary valuation and other steps required for the letter of approval to be issued. Once the valuation is back they will arrange an appointment to talk about life insurance, house insurance (opening an explore current account required for monthly 2% cashback offer).
I had been going to arrange my own life/house insurance cover as I have got quotes a bit cheaper myself. The life insurance premium is the same but if I go with a different broker I get 47% of the year 1 premium back as a cash rebate. House insurance is about €120 more via PSTB (despite 12 months for 8 offer). However I'm wondering might it be more efficient/less painful to just go with the bank for the insurance policies? That said I assume if I just give them policy documents and have them listed on the house insurance policy that should cover it?
I'm still struggling with the timeline for when to arrange cover. Solicitor haven't received contracts yet (only just went sale agreed) so I don't know when the sale will close. At the same time I want everything lined up so there is no delay in the bank sending out the formal loan approval. I'm still wondering how to arrange house insurance in advance for a house you don't own
Deirdre
I have approval in principal from PTSB for a mortgage. I've just gone sale agreed on a property so I'm on with the bank about the necessary valuation and other steps required for the letter of approval to be issued. Once the valuation is back they will arrange an appointment to talk about life insurance, house insurance (opening an explore current account required for monthly 2% cashback offer).
I had been going to arrange my own life/house insurance cover as I have got quotes a bit cheaper myself. The life insurance premium is the same but if I go with a different broker I get 47% of the year 1 premium back as a cash rebate. House insurance is about €120 more via PSTB (despite 12 months for 8 offer). However I'm wondering might it be more efficient/less painful to just go with the bank for the insurance policies? That said I assume if I just give them policy documents and have them listed on the house insurance policy that should cover it?
I'm still struggling with the timeline for when to arrange cover. Solicitor haven't received contracts yet (only just went sale agreed) so I don't know when the sale will close. At the same time I want everything lined up so there is no delay in the bank sending out the formal loan approval. I'm still wondering how to arrange house insurance in advance for a house you don't own
Deirdre