Bankers Draft Commission fee...

Paul58 · by **Paul58** » Fri May 20, 2022 10:17 pm

Upstream wrote:Hi all,

Many thanks for your well considered advice and comments. I've managed to resolve the issue. There was a little to and fro between myself, our solicitor and the bank but the bank agreed that if we took their home insurance, that they would waive all of their fees associated with issuing the bankers draft. As their home insurance quote was cheaper (and more comprehensive) than another we had received, we agreed.

Again - many thanks all.

Well done, that's what we did when we first bought.

Do be aware that if you wish to change your house insurance you need to give at least 1 months notice to the bank (used to be 2 months) before renewal, otherwise you are contracted to another 12 months. We halved our subsequent house insurance price.

Paulr · by **Paulr** » Wed Jun 08, 2022 11:53 am

Also be aware that the banks are starting to cotton onto this and are tying buyers into their home insurance policies for a minimum of 3 years - check the terms before committing.

cheflady · by **cheflady** » Wed Jun 08, 2022 12:21 pm

Well done time to enjoy your new home!

Bankers Draft Commission fee...

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