Redundancy and claiming on my income protection insurance

alphabet1

Please can someone advise me I have been recently made redundant and have an insurace cover on my mortgage, but last year got a buy to let mortgage rented out the property the mortgage protection is on living in the new property am i eligble to claim as i am not living there?

wonkles

Hi!
I'm in the same situation and have been claiming against my Mortgage Payment Protection policy for the last couple of months. We want to relocate and have been considering renting out our mortgaged property, continuing to claim the MPPI and rent out another property down South. However, I checked our full policy last night and it does clearly state that Buy-To-Let mortgages are excluded.

Double-check your policy wording. It should be specified quite early on, in the eligibility criteria I would think.

getmore4less

But what about residential mortgage with concent to let?

hcb42

if it says you need to live there as part of the terms, and you dont...i would guess you are not covered.

sorry.