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Avoidable delay in mortgage insurance payments?
Chris_h_4
Posts: 33 Forumite
I was recently made redundant (booo!)
But fortunately I have mortgage insurance (yippee!)
However, I have shown my (ex) employer the claim form and they are insisting on stating that my redundancy lump sum includes an amount in lieu of notice (the proposed formula includes an amount in respect of the 3 months of salary). This would mean my insurance payments would be deferred for 3 months.
Some further info:
- my contract only states the length of my notice period i.e. it does not refer to any required payment in lieu of this notice
- the whole redundancy sum is to be tax-free (and this has apparently all been agreed with HMRC)
Is there a legal and morally acceptable way round this that I can propose as part of my "negotiations" ???
But fortunately I have mortgage insurance (yippee!)
However, I have shown my (ex) employer the claim form and they are insisting on stating that my redundancy lump sum includes an amount in lieu of notice (the proposed formula includes an amount in respect of the 3 months of salary). This would mean my insurance payments would be deferred for 3 months.
Some further info:
- my contract only states the length of my notice period i.e. it does not refer to any required payment in lieu of this notice
- the whole redundancy sum is to be tax-free (and this has apparently all been agreed with HMRC)
Is there a legal and morally acceptable way round this that I can propose as part of my "negotiations" ???
0
Comments
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Does anyone have any ideas on how I can take this forward? I am completely at a loss!
If it is a non-starter then I guess knowing that now is a good thing!0
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