Eloise4ever
Registered User
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- 5
We are finally getting around to switching our mortgage (currently with BOI and looking at switching to EBS, <50% LTV) and just wondering how to deal with mortgage protection and tax relief on the new mortgage. Is it as simple as contacting the insurance company and asking them to transfer the interest in our existing policy from BOI to EBS? We don’t want to go to the hassle of taking out a new policy. Will TRS automatically transfer to the new mortgage or will we have to apply for it?
Would be grateful for any advice on this from those who have gone through a switch recently.
Would be grateful for any advice on this from those who have gone through a switch recently.