Is this ppi ?

choppy-c

Greetings all,

we have bought 3 houses in our time as self employed then as ltd co so maybe not the best income stream the mortgage co wanted to see we have each time been made to pay a 1 off insurance policy (say £ 5-800) before mortgage granted

Is this PPI ?

I would add that both mortgages we have paid off well before term

Thanks

Nasqueron

choppy-c wrote: »

Greetings all,

we have bought 3 houses in our time as self employed then as ltd co so maybe not the best income stream the mortgage co wanted to see we have each time been made to pay a 1 off insurance policy (say £ 5-800) before mortgage granted

Is this PPI ?

I would add that both mortgages we have paid off well before term

Thanks

Given the sum paid and the nature of your finances, especially if you were borrowing more than 90% of the house price, it sounds more like a MIG which is an insurance for the bank in case you stop paying. These were mandatory and you cannot complain about them as you could have saved more money or borrowed less

dunstonh

we have bought 3 houses in our time as self employed then as ltd co

Which means you are not self employed.

Is this PPI ?

No.