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Mortgage protection - A new con by banks
Butterfly_Brain
Posts: 8,862 Forumite
My friend was made redundant in November and because she and her husband have a joint mortgage she decided to claim her half on mortgage protection.
Nat West who they have their account with, have now demanded that she sends them all her job applications and any interviews that she has had or they will stop paying out.
It is bad enough having to claim job seekers allowance and have to supply a snot nosed little twerp with that sort of information.
Has anyone else had problems with their mortgage protection?
Nat West who they have their account with, have now demanded that she sends them all her job applications and any interviews that she has had or they will stop paying out.
It is bad enough having to claim job seekers allowance and have to supply a snot nosed little twerp with that sort of information.
Has anyone else had problems with their mortgage protection?
Blessed are the cracked for they are the ones that let in the light
C.R.A.P R.O.L.L.Z. Member #35 Butterfly Brain + OH - Foraging Fixers
Not Buying it 2015!
Not Buying it 2015!
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Comments
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So they are seeking confirmation that she is actively seeking employment, in order for them to continue paying out for unemployment.Butterfly_Brain wrote: »My friend was made redundant in November and because she and her husband have a joint mortgage she decided to claim her half on mortgage protection.
Nat West who they have their account with, have now demanded that she sends them all her job applications and any interviews that she has had or they will stop paying out.
It is bad enough having to claim job seekers allowance and have to supply a snot nosed little twerp with that sort of information.
Has anyone else had problems with their mortgage protection?
In what way is this a con?
It's an insurance policy. Not a subsidy for self-imposed idleness. Why should customers who are actively seeking employment have to subsidise those who don't want to work?0 -
Butterfly_Brain wrote: »It is bad enough having to claim job seekers allowance and have to supply a snot nosed little twerp with that sort of information.
Has anyone else had problems with their mortgage protection?
Why do you feel the need to insult people who work in insurance or the job centre?
How is this a 'con' and even if it was a 'con' (which it isn't), what is 'new' about it?0 -
Well, well - I see the pattern now!
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Well, well - I see the pattern now!
yes for the industry in conjunction with the industry wishing they do not realize..It is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.0 -
LOL. Username is noted as Butterfly Brain. LOL.
Please read the policy documents before venting anger. All these policies do state that they will pay out but must be seeking active employment. Therefore, the above is necessary otherwise you would sit on your bottom for 12 months. Makes sense? Right?Motto: 'If you don't ask, you don't get!!'
Remember to say thank you to people who help you out!
Also, thank you to people who help me out.0 -
Fancy getting uppity at an insurance company asking for evidence that you are doing something that you say you are doing.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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