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Settlement of mortgage

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  • Lynne K
    replied
    Originally posted by bibutery
    I guess yes, I was told that too when I took mortgage. Shortly, when I took a mortgage at Mortgage Advice Newcastle, I took it for 15 years but I closed it luckily in 4 years because they had a really good mortgage conditions so I could pay partly each month and close it something like in 30-35 months. But before they allowed me to take mortgage, I was asked such questions like: do you have any illnesses, do you have some relatives, how much your salary is, etc. because they do really care If you'll be able to pay off that mortgage.
    Seeing as this is your first post I’d like to welcome you. You’ve come to a very supportive community. When we’re you diagnosed and how are you? Lynne x

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  • matthew55
    replied
    You're born, you deal with ****, you die. Makes me wonder why? 😁x

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  • Suefromwakey
    replied
    Yes Beemer - check your policy.............I checked mine which had critical illness BUT it meant my husband had to expire within 12 months of a diagnosis, so meanwhile he's still here nearly two years since, has never had a proper diagnosis and the term ended last year - so paid for 20 years into the insurance for NOWT!!!! - win some lose some!

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  • Beemer
    replied
    Thank you all, as I thought, but my wife was told different.

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  • Ellie
    replied
    Beemer Yes, as Gary said, but only if you have insurance linked to the mortgage specifying critical illness (or whatever) and fall within the policy definitions, so definitely check.

    I had my mortgage paid off - every cloud...

    Love Ellie.

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  • GaryM
    replied
    Originally posted by Beemer View Post
    My wife has been informed by an NHS therapist that our mortgage could be settled because of my illness, is this true?
    Might depend on whether you have life insurance on the mortgage.

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  • matthew55
    replied
    Well I got a pension pot tax free after my GP confirmed that I have a terminal illness. 😁x

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  • Beemer
    started a topic Settlement of mortgage

    Settlement of mortgage

    My wife has been informed by an NHS therapist that our mortgage could be settled because of my illness, is this true?
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