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  • FIRST POST
    • QBdoo
    • By QBdoo 4th Dec 19, 9:41 PM
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    QBdoo
    Critical Illness compulsory with Mortgage?
    • #1
    • 4th Dec 19, 9:41 PM
    Critical Illness compulsory with Mortgage? 4th Dec 19 at 9:41 PM
    I have applied for a mortgage through a broker and wondered whether it is compulsory to take out a critical illness insurance policy along with a mortgage?
    I experienced an MI in 2003 due to an undiagnosed at the time, blood disorder however all has been fine since. I take daily medication and I have had no major issues since.
    If my application for CI is refused will I be refused a mortgage?
Page 1
    • SonOf
    • By SonOf 4th Dec 19, 9:52 PM
    • 1,928 Posts
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    SonOf
    • #2
    • 4th Dec 19, 9:52 PM
    • #2
    • 4th Dec 19, 9:52 PM
    I have applied for a mortgage through a broker and wondered whether it is compulsory to take out a critical illness insurance policy along with a mortgage?
    No. Never has been. Life assurance used to be mandatory though.
    If my application for CI is refused will I be refused a mortgage?
    no you wont.
    • sal_III
    • By sal_III 5th Dec 19, 12:12 PM
    • 1,694 Posts
    • 1,560 Thanks
    sal_III
    • #3
    • 5th Dec 19, 12:12 PM
    • #3
    • 5th Dec 19, 12:12 PM
    It's not compulsory as far as Lenders are concerned.

    But some mortgage brokers that are not charging fee for the mortgage, might require you to take LI/CIC through them, to make it worth while for them.

    The more important question is, how much are you willing to risk it, not having insurance with your medical history
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