bigchicken
Registered User
- Messages
- 151
If the lender agrees as far as I know. Under the Consumer Credit Act lenders are allowed to waive the normally mandatory requirement for owner occupier mortgage protection life assurance but I don't think that they are obliged to.But if the premium is too high, you can opt not to have mortgage protection.
It's not necessarily at the borrower's discretion. For owner occupiers the CCA makes it mandatory to have MPLA in most cases.If you don't have dependents, you should not have life insurance or mortgage protection
Just thought i'd update in case anyone else was interested.
Had my medical today - very straightforward.
They just checked height, weight, blood pressure, heart rate. Took a full history and checked urine for sugar. Waste of time really.
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