Cant get mortgage protection

jex30 wrote: »

Does anyone have experience getting a mortgage protection waiver without any death in service benefits or life cover in place. My wife and I are approved for a mortgage without any issues but I have been declined by 3+ insurance underwriters. After discussing with the BOI, they were unprepared to offer a waiver. Does anyone have a similar experience or more luck with other mortgage providers? Thanks!

DubLad69 wrote: »

I know it would be bad to do so, but I think I would lie to the insurers in this situation. When applying I'd tell them that I was perfectly healthy, never been to see a doctor apart from my yearly check up. Then they won't even ask to see medical files. I'd be screwed then if anything every happened, but I just wouldn't be able to just give up on buying a house.

Hi folks,

Think it's a good idea to have an appointment with your doc prior to applying, just for a checkup and discuss whether we'd have anything to worry about on our application, etc? OH was off work due to stress for a few weeks last year (mostly because she hated her work environment), and had previously been on anti-depressants many years ago, short term. Would hate for a bad medical report to affect our chances of getting it or rocket the price for fairly common conditions experienced by a lot of people from time to time. We're both relatively young and healthy people.

Hi all

Never had mortgage before, Dose anyone know below quote is a good price?

New account with 1 post full of praise for lion.ie, thats definitely not dodgy 🙄.

My partner called them with the same issue and he straight away said no and didn't go any further or offer any advice so the raving reviews we are seeing here from 1 post accounts is not all the truth either. Perhaps it was because she is foreign but what do I know?

If you can provide 3 decline letters to BOI they can possibly waiver or provide a deal for your mortgage protection. It is possible for the underwriter to agree to a reduced MPI amount to help you with repayments.

How do you take out a MPI cover without knowing the mortgage amount? Also where exactly do you get the detail which conditions are accepted and which are not. Just for clarity only thing I have is a well-regulated elevated blood pressure (same as 10-20% people over 40).

Thanks for that info, I will see how it goes with other two insurers we applied with and then figure out our next steps. The one that declined didn't even send the reason after a full week to us. They even said they can review again pending further medical evaluation with no details to it. I called each day during review to check if they need any further info and the answer was that they have all they need. I don't like it one bit.

I don't get it, how does that even work? If you don't put down your GP, to whom does the PMA go to then? A consultant would not have your full medical history and could not answer the questions in the PMA. If in the second stage in a follow-up to the PMA you could point them to a consultant's letter and/or consultant for detailed answers, that would be beneficial, I can see that. But the insurance companies don't want to engage with you, just your GP. If your GP does not provide the detail needed and does not clarify everything properly (which seems to have happened to me) you are going to get a refusal or a steep rate at best. Again, I feel the 'system' is seriously flawed.

Yes I would, if you have not yet activated the mortgage protection then you are obliged to advise them of anything new that happens, read the small print to see their actual wording but I'd be surprised if it doesn't say something to that effect.

Depending on what if anything comes out of it that will determine if there is a change in the policy, my BP is always sky high when a doc is taking it, white coat syndrome! They usually insist I do a 24 hr monitor thing which I hate but it's usually relatively ok on that.

You would most likely invalidate your policy should you be unfortunate enough to have a claim if you deliberately delay the notfying them, ask the company what you can do about the GP bit, perhaps the report from the company that did the tests will suffice. I presume this was some sort of workplace screening? Too late now but I wouldn't have been going for anything medical not essential until that was drawn down!

Well I can't help you if you are determined to go the 'non-disclosure' route other than advise that you declare it.

It's because Laya is the only one that offers mortgage protection with an "automated underwriter" online, no need setting up a meeting with an advisor telling you everything will be alright, here's your quote, give us your bank details, like these are all it, only to be followed by a more specific questionnaire and of course by declaring your condition, will go to the underwriter.

Laya's automated "underwriter" online application makes it easier to just lie. Actually when you declare your condition in their online questionnaire, the payment will not proceed and they will ask you to ring them, and of course expect to be refused cover by then.

Hey, Just saw your message. Yes it was the same for her immediately, I just don't think he want's the hassle. You are better off trying a local mortgage brokers in your town to be honest. That is what we did and they were important in her getting MPI and the mortgage eventually. IF you want any more information give me a shout.