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Insurance on mortgage

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Ziggy25
Ziggy25 Posts: 1 Newbie
in Mortgages & endowments
Hi. I am new here so not sure how this works. My question is that when I got divorced in 1994 I took over the mortgage on the family home in my name only. I was told I had to have insurance on the loan and the company the bank pointed me towards was Guardian Finance. Was this something I should have tried to claim back or doesn't it count as it was with another company and not the bank?

Comments

  • foxy-stoat
    foxy-stoat Posts: 6,879 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    What was the cover you took out?

    Insurance for what?
  • dunstonh
    dunstonh Posts: 119,650 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    . Was this something I should have tried to claim back or doesn't it count as it was with another company and not the bank?

    What makes you think you can claim it back?
    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.
  • davidmcn
    davidmcn Posts: 23,596 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    I'm guessing it's mortgage guarantee insurance, in which case nothing inherently wrong about being sold it as it was almost certainly a compulsory charge to get that mortgage (usually associated with higher loan to value percentages or other riskier types of case).
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