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Mortgage ppi and life cover-change?

calv76
calv76 Posts: 46 Forumite
Part of the Furniture 10 Posts Combo Breaker
in Mortgages & endowments
If I change my mortgage from Halifax to another lender do I need to change my tmpp life cover etc as this is with Halifax?

Comments

  • opinions4u
    opinions4u Posts: 19,411 Forumite
    Probably. Unless your new mortgage exactly matches the old one for balance and term. Call and ask them.

    If a change is needed see an IFA. You'll probably be able to get more cover for less premium.
  • dunstonh
    dunstonh Posts: 120,233 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    It is possible that the MPPI element of the TMPPP only covers halifax mortgages. (whilst the CI, life and income protection bits dont matter). Although as said above, an IFA should easily beat Halifax pricing.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • calv76
    calv76 Posts: 46 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    My current one covers me if made redundant and was told by Halifax you can't get this type of cover any more
  • opinions4u
    opinions4u Posts: 19,411 Forumite
    calv76 wrote: »
    My current one covers me if made redundant and was told by Halifax you can't get this type of cover any more
    Halifax don't sell it anymore. Others do.
  • calv76
    calv76 Posts: 46 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    Would anyone recommend I keep the Halifax one or look elsewhere ??
  • opinions4u
    opinions4u Posts: 19,411 Forumite
    calv76 wrote: »
    Would anyone recommend I keep the Halifax one or look elsewhere ??
    Did you read the replies above?
This discussion has been closed.
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