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Need to Re-Mortgage - Mortgage Cover

pennypincher1010
pennypincher1010 Posts: 27 Forumite
in Mortgages & endowments
Hi There

I am coming to the end of my current fixed rate, and need to re-mortgage. I have Accident, Sickness and Unemployment cover for my current mortgage. It has entered my head that I could lose my job in the coming months (though no real indication of it, yet.)

If I re-mortgage, does my mortgage cover basically become invalid and then have to be re-negotiated? I am concerned I will be left for a short period of time not covered by mortgage protection, when I re-mortgage in the near future.

Thanks in advance for any advice!

:beer:

Comments

  • herbiesjp
    herbiesjp Posts: 8,499 Forumite
    As long as you keep paying the premiums you should be covered.

    Is the policy with your current lender?
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • pennypincher1010
    pennypincher1010 Posts: 27 Forumite
    Hi

    The mortgage cover is with a third party insurer. I phoned them, and they said that the policy is completely transferrable, so problem solved ;-)

    Thanks for your help.
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