Unable to obtain mortgage!

Any one offer someinsight.

We have just completed on our property on R6, our final payment being made via a mortgage with Bankinter. Whilst talking with the solicitors and the bank we were told that the bank need to be made the beneficary of the insurance policy, is this just the Buildings Insurance?

Anyone shed some light?

Tintin

Tin Tin

I am arranging a final payment to complete on our property on R5. A condition of my spanish mortgage is that the lender has to be made a joint beneficiary of the buildings/contents insurance. Our mortgage is being made by Leeds Building Society, so it doesn't sound too unusual.

I am only aware that it affects the buildings insurance.

Methomp

Methomp

Thanks for the repy........I think it was something that just got lost in the translation.......alls ok anyway..

Thanks Once again

Tintin