Build Store mortgage ..compulsory life insurance policy

farghi

Hello everyone, a quick question to all knowledgeable contributors, I have a mortgage from Build Store. It was a self build mortgage and they conditioned the mortgage forcing us to take a life insurance policy. Is this possibly actionable in the form of a claim

[Deleted User]

If the insurance was a condition of a particular mortgage deal then it was a condition. It would only be an issue if you were told it was compulsory when it actually wasn't.
Otherwise, how would life insurance be mis-sold? Are you immortal?

What year did your mortgage begin? Who sold it to you?

societys_child

If it's a condition of the mortgage, then it can't be mis-sold.


To actually claim on a life insurance policy, you may have to die first.

SonOf

There is nothing wrong with requiring insurance as a condition of borrowing. There was a change in the early 2000s that the lender could not insist on their own linked product any more but apart from that, it is still allowed.

farghi

Thanks all for the replies I'll park this one under " If you dont ask?...."