Life assurance and high blood pressure

goodmorningsunshine

Has anyone bought life assurance as part of their mortgage with the medical condition of High Blood Pressure?

Was wondering just how much they add on to the basic payment because of this. Anyone know?

I have a meeting with someone who may be able to get me this policy, but want to do my homework before I decide to accept or not.

ACG

Depends on so much.

Are you on medication (betablockers?) with this medication is your blood pressure still high or is it normal? If its normal you should get standard rates. If its still raised then it depends what your blood pressure is as to what loading it will get.

goodmorningsunshine

Think I am on Betablockers and it is still high, so my high is what I call my normal, bottom figure around 92 ish.

I am on 3 different medications, (should be 5!!!!) all for blood pressure.

ACG

Is it linked to being overweight? If so then your BMI will come into account.

goodmorningsunshine

Hi ACG,

Have not been told it is linked to that, but do admit I could be doing with losing a couple of stones.

Great to talk to you, as I have so many questions to ask a Mortgage advisor. Can I also ask you,

Once you apply for a mortgage, how long does it take it come through? I have to meet with someone who is going to give me figures and facts but would like to have MY figures and facts
ready to compare.

ACG

Check your BMI, if you start getting a BMI of about 30+ then you would be looking at a rating of about 50% (So if a premium were £10 for it would be £15 for you) the ratings usually go up in 25% or 50% margins).

Once you apply for a mortgage, it will get underwritting - usually within a week but this varies from different lenders. The valuation will then get done this can take another week. If you allow 4 weeks start to finish for a straight forward mortgage that should be enough.

goodmorningsunshine

If we are talking maybe even double the 10.00, I was worried it might end up around 80.00 to 100.00 at the very most.

As for the 4 weeks, no good to me, need it within 3 weeks at latest, is this possible? The meeting I have said they may be able to get it all through within 2 weeks from meeting, but meeting is one week after purchase!!!!!

goodmorningsunshine

Do you HAVE to get assurance, or is it your choice?

No partner, or dependants, so is assurance policy necessary?

Relatives could sell property and pay off mortgage if required to do so.

ACG

I suppose it is possible, but a lot comes down to the lender and your solilcitors. Make sure you choose your own solicitors and make them aware of the situation beforehand - they might charge more to rush it through.

Life Assurance is optional. The only insurance you have to take is Buildings Insurance.
Also life insurance down load premiums by 800% or 1000%, they would decline you before it go to that stage. Ive not seen many people declined outright.

OshayAway

Insurer's stance on BMI and hypertension varies considerably. Both in terms of those two issues independently and the combination. They also vary in terms of the evidence sought that could have an effect on the terms offered. For example, some just want your last reading, which can be taken from your application form if known, others will want to write to your GP for a history of control.

A good broker would contact whole of market insurers underwriting departments and should be able to prove their research on request. It is time consuming though so finding someone to do it is the key, but can be tricky.