Mortgage Protection Insurance

[FieryP125]

I'll lay it on the line - I work for HBOS, I have a mortgage but didnt taken out Mortgage Protection Cover

I presume this is now too late to take out as although no job losses have been announced - speculation is rife - and they wouldnt pay out if I was one of the unlucky ones. Do you agree or should I still apply for it?

[Ethel]

Check out the terms and conditions - how long does it have to be active before you can claim due to redundancy?

[legendeditor]

Lots of mortgage protection policies dont payout unless youve been outta work for more tahn 30 days.Some `pay the whole mortgage others can pay only interest.
Id imagine its too late to egt one now , but couldnt say for definite.

[CheekyChops]

Some won't pay out if there is any sniff of possible redundancies when you actually take it out either.

[R1Geezer]

apply by all means but I'm sure they'll tell you to take a hike as soon as they find out your employer, I mean would you take on a bet where you are 90% likely to lose?