The Halifax is deterring homeowners from shopping around for buildings insurance by refusing to disclose insurance information on mortgage policies, claims a Rotherham broker.
Peter Hardy of AV Wilson said the policy means homeowners have to pay for an independent valuation of their home to make sure they have an accurate figure calculated by a professional surveyor.
He says this leaves policyholders without recourse in the courts if they buy inadequate buildings insurance.
A spokeswoman for the Halifax confirmed that it does leave the box for insurance valuation blank on its report, but says the information is unnecessary for insurers.
“These days insurers do not require a surveyor to provide a figure for the rebuilding costs which can now be estimated accurately by postcode and type of property,” she said.
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