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Mortgage insurance first time buyers one with health issues
YORKSHIRELASS
Posts: 6,512 Forumite
Hi
My son and fiancee are in the process of buying their first home. DS has Crohn's disease and had Lymphoma 6 years ago, which he has completely recovered from. They need some advice about life insurance and mortgage protection insurance (if that is even possible).
Where is the best place to start with this?
My son and fiancee are in the process of buying their first home. DS has Crohn's disease and had Lymphoma 6 years ago, which he has completely recovered from. They need some advice about life insurance and mortgage protection insurance (if that is even possible).
Where is the best place to start with this?
0
Comments
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I have several lifelong chronic health conditions and got insurance from legal and general although somewhat higher than my husband pays due to the risk they have assessed.YORKSHIRELASS said:Hi
My son and fiancee are in the process of buying their first home. DS has Crohn's disease and had Lymphoma 6 years ago, which he has completely recovered from. They need some advice about life insurance and mortgage protection insurance (if that is even possible).
Where is the best place to start with this?0 -
Please suggest they get advice from an independent protection specialist. Many insurers offer "pre-sale underwriting" services where the likely outcome for particular conditions can be estimated - standard terms, loading, exclusion, deferral or decline to offer terms. A specialist will use these tools to ensure the best cover at the best terms.I am a mortgage broker. You 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. Please do not send PMs asking for one-to-one-advice, or representation.1
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Have they been renting so far?
It always surprises me that people think that they need life or income protection insurance after getting a mortgage. In fact, you either need it or not - regardless or renting owning.0
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