F
Froogal
Guest
Hi ,
I need help please .i am trying to extend our mortgage term from 21 years to 32 years .Both of us are recently unemployed .the lender bank has inssisted we re-assign our original life assurance policy (new ireland assurance -222 euros/month .we cancelled this year after drawdown due to cost.-we got away with it up to now!
the heavy loading is due to my smoking and history of depression treatment .i have few queries
1.Do I have to reassign this policy from new ireland and not any other provider, as the bank kbc insist?
222/month is too much for us-nearly cancel out saving from 21-32 year term
2.If I do ,is it possible to quickly change to other/new policy from other company.
3. Is it straightforward to get this amount reduced if my circumstances change..e.g give up smoking.get letter from doctor re. depression (good prognosis)
Any bit of advice would be greatly appreciated
I need help please .i am trying to extend our mortgage term from 21 years to 32 years .Both of us are recently unemployed .the lender bank has inssisted we re-assign our original life assurance policy (new ireland assurance -222 euros/month .we cancelled this year after drawdown due to cost.-we got away with it up to now!
the heavy loading is due to my smoking and history of depression treatment .i have few queries
1.Do I have to reassign this policy from new ireland and not any other provider, as the bank kbc insist?
222/month is too much for us-nearly cancel out saving from 21-32 year term
2.If I do ,is it possible to quickly change to other/new policy from other company.
3. Is it straightforward to get this amount reduced if my circumstances change..e.g give up smoking.get letter from doctor re. depression (good prognosis)
Any bit of advice would be greatly appreciated