HSBC mortgage with LifeChoice

Newway

We recently took out an HSBC mortgage for a property and along with it the LifeChoice/TraumaChoice insurance. our property contract has exchanged and waiting for the completion day (early next month).

My question is , can I cancel the LifeChoice/TraumaChoice insurance, (as I read the T&C and find out it is very limited and I can find better ones by shopping around.) and will this affect my mortgage? e.g. withdrawn/decline my mortgage because now I don't have cover?

I try to read the small prints and T&Cs, nowhere says you can't though, am I right to say it is safe to cancel ahead?

Thanks for the help in advance.

_Andy_

Won't affect the mortgage at all. Don't cancel it until you have something else in place though.

Newway

thanks, I think the TraumaChoice is an overkill for a 30ish year old?

_Andy_

Not familiar with the product but bear in mind when you're young and healthy is the time you want to be taking out that kind of cover, not when you're old/not healthy when the price is going to be very high

Newway

_Andy_ wrote: »

Not familiar with the product but bear in mind when you're young and healthy is the time you want to be taking out that kind of cover, not when you're old/not healthy when the price is going to be very high

I understand that, but also the T&C said it covers up to age of 60