Bank of Scotland

Bank of Scotland eases financial strain for first time buyers by refunding their home insurance costs

08 July 2014

Bank of Scotland is offering to refund a year’s insurance premium for First Time Buyers when they take a new Bank of Scotland Home Solutions insurance policy1.

Bank of Scotland Home Solutions insurance provides a full comprehensive policy including any or all of the following depending on need: -

  • Unlimited Buildings Cover
  • Unlimited Contents Cover
  • Extended contents, accidental damage, bicycle cover

Available to eligible first time buyers who apply for a qualifying FTB mortgage product2 between 8th July and 18th August, the refund will be paid directly into the account from which mortgage payments are made within 60 days of the mortgage start date.

Customers who have or open a Bank of Scotland current account will also receive £150 cashback, payable to the customer’s conveyancer on completion.

Nicola Noble, Mortgage and Bancassurance Director at Bank of Scotland, said,"Our new home insurance deal offers a little helping hand for our customers when buying their first home. First Time Buyers often don’t account for the cost of home insurance when planning the finances for their new home, so we’re delighted to be able to make their lives easier and provide the added peace of mind that their home is fully protected. ”


Read full press release.