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Insolvency Insurance
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Us northerners must be more honest than your southerners :-P
I have not really noticed an increase but in saying that I do tell people at the outset to just be completely honest with me and I will decide how to best package it up as I work for them not the bank.
I think you can also tell by the way people look/say things if they are not being completely honest - I always insist on completing the factfind with them preferably face to face but over the phone if not.I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
HaHa - thought it would be a North/South thing....!I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it.This signature is here as I follow MSE's Mortgage Adviser code of conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
Solicitors are now saying they would not "sign off" (can't remember exact wording) completion unless we take out the policy
The money we have got from a family member is going to be repaid next year when I get a savings scheme from work mature. We initially said it was a gift, I wish we just said it was a loan.
Any advice?0 -
Advice yes.
1. Don't state that 'loans' are 'gifts'
2. If you do decide it is a gift - take out the policy which seem to be priced at a couple of hundred pounds and conclude the matter.
Anyone would think you have a problem with your solicitor making a living?I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
Advice yes.
1. Don't state that 'loans' are 'gifts'
2. If you do decide it is a gift - take out the policy which seem to be priced at a couple of hundred pounds and conclude the matter.
Anyone would think you have a problem with your solicitor making a living?
Thanks for your "advice"
1.It was originally a gift
2.the lender has said it's not a requirement hence my asking if anyone had heard of it before.
I don't have a problem with the solicitor making a living all. It would have been nice for them to include it on their list of costs at the beginning.
Thanks for your helpful response!0 -
It is generally solicitors that seem to be 'insisting' on this cover. Which by co-incidence they also arrange.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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