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Mortgage indemnity insurance reclaiming

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  • dunstonh
    dunstonh Posts: 119,790 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Not at all irrelevant! They totally mislead me by not telling me I would still be liable to pay. They lead you to believe the insurance is there to protect you as well as them.

    OK, lets play along with that theory. What evidence could you supply to support your allegation?
    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: 15,376 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I'm also not seeing where the derelict flat comes in. Did you own that too?
    Non me fac calcitrare tuum culi
  • magpiecottage
    magpiecottage Posts: 9,241 Forumite
    1,000 Posts Combo Breaker
    pippa2301 wrote: »
    How about when selling the property they didn't bother getting the best price possible because they knew they had this insurance.
    A lender does have a duty to get a realistic price for a property - but the insurer will also expect them to.

    If you think the price was unrealistic, you put in a complaint but you would need to present evidence to support your assertions.

    Remember, too, that whilst your circumstances are unfortute, your lender is a commercial enterprise, not a family support charity.

    It is accountable to those whose money it borrowed to lend out to you as well.
  • roonaldo
    roonaldo Posts: 3,420 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    pippa2301 wrote: »

    As for the price the flat achieved. If they had claimed on the buildings Insurance
    Why didnt you claim on the buildings insurance?
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