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Mortgage PPI and Home Insurance
DON79
Posts: 3,842 Forumite
Hi all
need some help please?
We currently pay mortgage ppi and home insurance together through one payment for £70 per month.... Is this a big mistake, could we get it cheaper separately?
I have done a separate home insurance quote which came out at £32 - incls free contents/legal/accidental damage/out of home cover.....
The payment we make for the combined ppi/home ins does keep increasing but I can't find out what is the best thing to do?
Should we cancel it and do separate quotes? Or is it even worth paying for mortgage PPI in the first place? Fact is that this year I will be a stay at home mum and although my husband works full time - we have a joint ppi policy that will only cover one person. What other options do we have?
Advice greatly appreciated...
need some help please?
We currently pay mortgage ppi and home insurance together through one payment for £70 per month.... Is this a big mistake, could we get it cheaper separately?
I have done a separate home insurance quote which came out at £32 - incls free contents/legal/accidental damage/out of home cover.....
The payment we make for the combined ppi/home ins does keep increasing but I can't find out what is the best thing to do?
Should we cancel it and do separate quotes? Or is it even worth paying for mortgage PPI in the first place? Fact is that this year I will be a stay at home mum and although my husband works full time - we have a joint ppi policy that will only cover one person. What other options do we have?
Advice greatly appreciated...
BSC #215/No.1 Jan 09 Club
0
Comments
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It's practically impossible for us to say what your needs might be, without knowing your financial circumstances.
I'd suggest contacting an IFA who'll be in a much better position to advise you after learning all about you.I am a mortgage broker. 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. Please do not send PMs asking for one-to-one-advice, or representation.0
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