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Advice - Pinnacle MPPI

I am currently comparing the MPPI schemes. Pinnalce seem the best on price etc but... I have read about them changing terms on customers - is this still a problem? Does the unemployment cover kick in at 60 days or 120 for someone currently selling their house and taking out a new mortgage with a new lender.

Any help would be greatly appreciated,

Comments

  • payless
    payless Posts: 6,957 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    They did "pull" cover for certain policies sold via a certain broker/website

    Different policies will have different terms on exclusions , waiting and deferred periods-
    many offer no exclusion period for those also taking a new mortgage, but can't answer for the provider you mentioned
    Any posts on here are for information and discussion purposes only and shouldn't be seen as (financial) advice.
  • jordy32
    jordy32 Posts: 84 Forumite
    thanks for the reply,

    I went throught the help u pay website for the ASU cover and then read the posts on this forum re: pinnacle. With respect to the T&Cs it was the defintion of new borrower I unsure of. Does this mean only a FTB, i.e. no previous mortgage, or would it encompass anyone setting up a new mortage for a home move.

    All this insurance is getting expensive though as my wifes already committed to a circa £50/ month critical illness and life assurance through BUPA.

    Thanks,
  • payless
    payless Posts: 6,957 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    for the plans i arrange - new borrower defination includes a mover ( or even a remortgage) but can't answer for pinnacle
    Any posts on here are for information and discussion purposes only and shouldn't be seen as (financial) advice.
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