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Help!

I currently have a repayment mortgage with Future Mortgages and cannot find paperwork. How can I find out if I am paying PPI before mortgage ends?

Comments

  • Ask Future Mortgages/ Citibank?
  • dunstonh
    dunstonh Posts: 120,029 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    How can I find out if I am paying PPI before mortgage ends?

    Look at your bank statement and see if you have a monthly direct debit going out. One of the reasons mortgage insurance complaints mostly fail is that most people do take out insurance and for good reason. The need is greater than loan and credit card and most mortgage insurances are standalone and away from the mortgage. So, dont suffer many of the issues that credit card and loan insurance has.
    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.
  • fd29
    fd29 Posts: 27 Forumite
    Th
    Thanks for replying, I have since found paperwork and no mention of PPI. There is not a d/d going out from my bank to insurance that I don't already know about, so I guess I don't have PPI on mortgage, but thanks anyway!
  • -taff
    -taff Posts: 15,388 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Mortgage PPI is life insurance, unemployment cover, critical illness cover and mortgage protection.
    Non me fac calcitrare tuum culi
  • dunstonh
    dunstonh Posts: 120,029 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    -taff wrote: »
    Mortgage PPI is life insurance, unemployment cover, critical illness cover and mortgage protection.

    I think you missed out a word. Mortgage PPI is payment protection insurance which covers accident, short term sickness and unemployment. It does not cover critical illness, life assurance or long term sickness.
    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.
  • -taff
    -taff Posts: 15,388 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I think I missed a lot of stuff yesterday :)
    Non me fac calcitrare tuum culi
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