Does PPI relate to equity release?

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Lizzy1801
Lizzy1801 Posts: 1 Newbie
in Reclaim mortgage fees, council tax, etc
I am the Executor for my Father's estate and wondered whether PPI was charged on Equity Release mortgages?

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  • safestored4
    safestored4 Posts: 464 Forumite
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    Of course not. PPI on mortgages exists to protect you should you be unable to pay the mortgage due to unemployment, sickness etc. In the case of equity release this isn’t an issue. Nothing is paid back on the loan until the house is eventuailly sold.
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