Advice needed; Buying a property - mortage is AIP and now Connells want to introduce

paradoxia

What else will they try and sell me .... If I say I have buildings, contents and life what else will they try and sell me?

toonfish

paradoxia wrote: »

What else will they try and sell me .... If I say I have buildings, contents and life what else will they try and sell me?

a referral to their solicitor, accident and sickness, critical illness?

paradoxia

Got my own solicitor - not interested in any other type of insurance work takes care of that ;-)

homer_j_3

can I just ask a question to toonfish and leon?

Why should the OP beware of the advisor selling mortgage protection?

Surely if the client does not have these then there is a very good reason why they should have some form of protection. If the quotes given are expensive or is unsure, surely they can shop around?

Im not a fan of countrywide and don't know connells as well as Andy but putting aside the "who is advising" part, I do not believe that mortgage protection should be so dismissed in this way, if there is a need - to which you do not know.

I just hope the OP hasn't made their decision not to take out protection for critical illness or income protection based on the comments made here, especially as they are increasing their debt and ultimateliability.

toonfish

homer I agree with the need for protection, and as stated earlier have no idea about Connells. I do know that countrywide "customers" always seem to end up with Friends Provident policies with a 25% loading on the premium.

Poppy9

paradoxia wrote: »

What else will they try and sell me .... If I say I have buildings, contents and life what else will they try and sell me?

A full financial health check:rolleyes:

They might also offer you advice about savings for you, your children, your next door neighbour, your granny etc.:D

Poppy9

homer_j8 wrote:

can I just ask a question to toonfish and leon?

Why should the OP beware of the advisor selling mortgage protection?

Because it has a reputation for being expensive and full of loopholes which will stop it paying out. Same with critical illness cover. Sods law I would get the one thing it didn't cover:rolleyes:

homer_j_3

i presume because of the enhanced commission the choose to take as a company.

It just winds me up when people are so dismissive of protection or that we as advisors are just trying to flog expensive add-ons.

I didn't think that you would not see a benefit in it, it was just how I perceived the comments and how it may have been perceived by others.

toonfish

homer_j wrote: »

i presume because of the enhanced commission the choose to take as a company.

It just winds me up when people are so dismissive of protection or that we as advisors are just trying to flog expensive add-ons.

I didn't think that you would not see a benefit in it, it was just how I perceived the comments and how it may have been perceived by others.

sorry mate, I agree with you that discussing protection is crucial, but see how my previous comment might read.

They get enhanced commission and also reduced clawback periods (2 years) so hence the higher premiums.

Mr_helpful

I think it would be a good Idea if Paradoxia thought about how well his work life assurance would take care of things. Most people get a nasty shock when they look at work insurances. Most life assurance is at best 4 salary. Hardly going to keep the missus an luxury is it.