[Gllug] NHS opt out

[Martyn Drake]

On Wed, 24 Jan 2007 11:15:26 +0 00, t.clarke <tim at seacon.co.uk> wrote:

> If you are relatively young and taking a mortgage for somewhat less than 100%
> of the house value,  the Building Society/Bank may not require any kind
> of life insurance as they can always grab the houe if you snuff it and get their
> money back.

In my case, we've got a 100% mortgage and did not require having to
take out life insurance.  Given that my wife has had a stroke when she
was in her twenties, this did not seem to concern either the mortgage
broker or the mortgage company themselves.  It's a win-win situation
for the mortgage company regardless of whatever happens.

Regards,

Martyn
-- 
Gllug mailing list  -  Gllug at gllug.org.uk
http://lists.gllug.org.uk/mailman/listinfo/gllug