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Halifax home insurance linked to mortgage


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I took out a mortgage with the Halifax in 2003.

At the same time I was sold buildings and content's insurance. I was told it would be paid monthly along with my mortgage.

I have contacted the Halifax to tell them I intend to move my insurance to another company. I asked them how much my mortgage payment would be reduced in view of the change.

I was informed that my payment would remain the same as the insurance payments are actually added to a separate "B" loan account each year.

I apparently owe them more than £700.

Can they do this?

This was definitely not discussed with me when I applied for the mortgage.

Any advice greatly appreciated

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Hi Pampam,

 

I would ask them for a copy of the terms & conditions, also, read your polciy booklet carefully, I'm sure it will be there somewhere knowing them lot!

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