Mortgage Protection Insurance problems

sm171

Hi there, Just wondering if anyone else is having problems getting Mortgage Protection Insurance at the moment. I'm trying with BOI and it seems like they are really nit-picking and looking for reasons not to give it to me. Another friend is currently having the same problem with another insurer. I'm just wondering if there's a general "crackdown". Its seems a bit weird as I'm a perfectly healthy 32 year old and they're being extremely cautious.
Thanks.

A basic policy pays off the outstanding mortgage if you die within the specified term .......... it should be really simply to obtain that cover.

coylemj

OP, have you tried other companies? Most of them will give you an online quote. It's basically just a term life policy with the lender's name noted on the policy. Try the various life companies.

sm171

Yes I'm looking to other companies now. Under a bit of time pressure (yes I know, my own fault!). I was just wondering if there was some reason they were being difficult. They really did seem to be looking for reasons to delay/not give it - like give them one thing and they come up with another problem.

q85dw7osi4lebg

I was having difficulty with a few then New Ireland sorted me out. This can drag on and on and on so I'd keep chasing daily.

sm171

Leanna Aggressive Harpist wrote: »

I was having difficulty with a few then New Ireland sorted me out. This can drag on and on and on so I'd keep chasing daily.

Thanks. Yes it seems I'm doomed to spend my days on the phone chasing people until this house is bought! First world problems I suppose!

Henry Ford III

Is the delay related to a medical issue?

sm171

Henry Ford III wrote: »

Is the delay related to a medical issue?

Yep - a very minor benign cyst I'm having removed for cosmetic reasons. Unfortunately bad timing.

Henry Ford III

sm171 wrote: »

Yep - a very minor benign cyst I'm having removed for cosmetic reasons. Unfortunately bad timing.

One of those emotive words unfortunately.

The best advice is to engage with the medical people to provide whatever evidence the underwriters require as quickly as possible.

Having said that it's a p.i.t.a. and it's unlikely you'd get it done any quicker elsewhere.

sm171

Henry Ford III wrote: »

Having said that it's a p.i.t.a. and it's unlikely you'd get it done any quicker elsewhere.

Yeah I'm trying. My GP is being less than responsive too unfortunately and GDPR is now in the mix also!
What's p.i.t.a?

Henry Ford III

sm171 wrote: »

Yeah I'm trying. My GP is being less than responsive too unfortunately and GDPR is now in the mix also!
What's p.i.t.a?

Pain in the ass.

p.s. Your G.P. is getting paid for any reports they provide. Sit on them.

sm171

Got sorted today! Advice for anyone reading this in future - be careful what medical procedures/check-ups you get done or schedule just before looking for mortgage protection! Even just GP visits because its all recorded and can be requested.

sm171

sm171 wrote: »

Got sorted today! Advice for anyone reading this in future - be careful what medical procedures/check-ups you get done or schedule just before looking for mortgage protection! Even just GP visits because its all recorded and can be requested.

Also - you shouldn't be smoking or drinking more than 6 units of alcohol a week!