Buildings and contents insurance

It is very important to both lender and the borrower that the mortgaged property is adequately insured. For the lender, the property is the prime security for the loan that has been made and it is essential that it is insured against any event that would adversely affect its value. Similarly, the borrower needs to protect his home.

From a lender's point of view, insurance of the property's contents is not so critical. The borrower, however, should insure his contents, although not all do. Combined policies have become much more common in the past few years.

Many buildings insurance policies are now index-linked. This means that the level of cover that is put in place at the outset is automatically increased annually in line with a recognised index that reflects increases in house building costs. The chance of under insurance is therefore slim.

Competitive bedroom rated buildings and contents insurance is available through Solution Mortgages. You can either get a quotation online at or get a quote over the phone by calling 0845 123 1260.