We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Where do I stand with mortgage protection?

Ladyinred40
Posts: 2 Newbie
This is only my second ever post so be gentle with me, please!
I've been searching to see if anyone has been in the situation I now find myself in. I was permanently employed, working full-time. The company has "persuaded" me to leave. I've signed a compromise agreement, but have not been made redundant. I asked my solicitor what would happen if I refused to sign the agreement - she said they would dismiss me anyway. I asked on what grounds they could do this, as I haven't done anything wrong, but was advised that because of my length of service (2 weeks short of one year) they can dismiss anyone without giving a reason.
I'm sure you can see from this that I really had no choice - one way or another I was going to be out of work. My query is, however, will my mortgage provider, with whom I have total mortgage protection, see it that way, or will they say I have chosen to be unemployed?
Any advice/ experience would be most appreciated.
I've been searching to see if anyone has been in the situation I now find myself in. I was permanently employed, working full-time. The company has "persuaded" me to leave. I've signed a compromise agreement, but have not been made redundant. I asked my solicitor what would happen if I refused to sign the agreement - she said they would dismiss me anyway. I asked on what grounds they could do this, as I haven't done anything wrong, but was advised that because of my length of service (2 weeks short of one year) they can dismiss anyone without giving a reason.
I'm sure you can see from this that I really had no choice - one way or another I was going to be out of work. My query is, however, will my mortgage provider, with whom I have total mortgage protection, see it that way, or will they say I have chosen to be unemployed?
Any advice/ experience would be most appreciated.
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 351.3K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.2K Work, Benefits & Business
- 599.4K Mortgages, Homes & Bills
- 177.1K Life & Family
- 257.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards