This is more a buying and selling question then a property investment question but feel free to move.
I took out mortgage protection on a house which I bought as my PPR in 2001. I have since moved from this house and rented it out and registered it with the PRTB.
I am now buying a new PPR and would like to use the mortgage protection taken out in 2001 to cover the new PPR. As I understand there is no requirement to have mortgage protection on an investment property, is there any reason why the mortgage provider on the investment property will not release its interest in the mortgage protection?
I took out mortgage protection on a house which I bought as my PPR in 2001. I have since moved from this house and rented it out and registered it with the PRTB.
I am now buying a new PPR and would like to use the mortgage protection taken out in 2001 to cover the new PPR. As I understand there is no requirement to have mortgage protection on an investment property, is there any reason why the mortgage provider on the investment property will not release its interest in the mortgage protection?