Advice please, oh wise ones 😊

[JaynieQ]

Has anyone taken out life insurance linked to a mortgage, after they were diagnosed? I’ve just bought a house with my partner and we need the insurance for the smallish mortgage we’ve taken out.

Does anyone have any advice or recommendations?

Many thanks

Jaynie

[jane13]

Perhaps challenge the need for life insurance if necessary?

[Hidden]

Hi Jaynie

My partner and I have just bought a house and I like you with a small mortgage, were offered the opportunity to applied for a small life insurance policy but because of my diagnosis of ET I was turned down!! They actually got the diagnosis completely wrong as well. I was told I could reapply in three years!! I think they wanted to see if I was still alive??? I told them to forget it!! I have not bother since.

Good luck Lyn NZ

[FJOS]

Sorry to say this but you will not get Mortgage Protection Insurance with this health condition.While this insurance is a normal requirement for a mortgage, the lender can use its discretion in such cases and usually agrees to dropping it where a medical condition prohibits its availability to the borrower. I hope your proposed mortgage provider will use this discretion in your case - go ahead and see what happens. If it fails, try another lender.

Best of luck with the new house.

Regards,

Frankos

[JaynieQ]

Thanks for your replies, I was afraid this might be the case. The mortgage is very small so I’m confident the lender will be happy with life cover for my partner only 🤞