Life insurance on (now) investment mortgage

M

Madra

Registered User
Messages
94
So I have now moved out and let my original PPR. I have paid a lump sum to bring the mortgage down to 20k. I didn't inform the bank of the change so still paying a rate of 3% (I'm a bold dog). I want to cancel the life insurance on this now as it's only 20k left and €20 a month for insurance. If I cancel will the bank be informed and ask/insist I restate it ? Will they sniff a rat and raise the rate if I tell them the situation ? Think I'll just cancel it via my own bank anyway but just checking for any reason not to.
 
If it's assigned to them they will be informed and will probably write you a letter or two but ultimately will do nothing about it.
 
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