Buildings Insurance

What is it?

Buildings insurance is a policy that, in the event of any damage to your property, will give you a sum to cover the majority of the cost of repairs.

Why do you need it?

Damage to your property can be costly to repair, especially with a major event such as a fire or storm damage.

All lenders will insist that you have this type of cover in place and it is actually a condition of your mortgage.

Things to bear in mind

If you don't have this type of cover, you will be responsible for the cost of repairs. Cover generally includes:

• Damage caused by fire or flood.
• Subsidence.
• Storm damage.
• Let properties require specialist cover.

These are just a few of the perils covered. The policy can also be extended to protect your property against events like accidental damage.

We offer a comprehensive range of Buildings insurance for both Residential and buy to let properties from a select panel of insurers.

 

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

We offer all our clients a free initial consultation after which a non refundable commitment fee of £95 will be charged with a further £250 payable on completion based on individual client circumstances. We also offer a fee only option whereby we charge a 2% broker fee on the amount borrowed and any commission derived from the lender is rebated back to the client.

The overall cost for comparison is 7.9% APR

Riverside Mortgages Ltd is registered in England and Wales. Registration Number: 5978086