Mortgage Redundancy Insurance

louis_armstrong

Can anyone help?
I am looking to take out redundancy insurance, but for a guarantor mortgage. Is this possible? Although I am only the guarantor, I pay the monthly mortgage payments
Thanks for any help in advance

opinions4u

The answer is that some policies will cover the guarantor.

You need to check with the individual policy provider for these specific circumstances. I would suggest that you also ask them to put in writing that they understand they are insuring the guarantor's employment - just in case they try to wriggle out of a future claim.

louis_armstrong

Would you know of any companys? all the ones I have spoken to are saying no...or saying yes then when I ak them to put it in writing then say no!
Thanks for yoru help

opinions4u

Which lender are you using? Would their policy cover you?

louis_armstrong

Abbey Nationel - but they are saying no

opinions4u

Eeek - sure they used to as well.

Try looking at these free standing offerings and making a few phone calls:

http://www.moneysupermarket.com/asu/IncomeProtectionDefault.asp

Other than that, I'm struggling to help further.

louis_armstrong

Thank you for your help