You will need to provide your lawyer with a certificate of currency (COC) that meets your lender’s lending requirements. It is your responsibility to contact your insurer to receive a COC and you will not be able to receive your lending until this has been completed. Make sure you check the terms of your mortgage documents to ensure that you have the correct COC for your property. When you purchase a unit title, your body corporate levies will normally cover your COC / home insurance requirements.
A free 15-minute call with a property lawyer who only works with first home buyers.