I'm in the process of purchasing a home with my partner, its under an affordable housing scheme. I have been declined mortgage protection because of an existing illness and a pending operation. My bank have told me they will not move forward with the mortgage unless we are both covered.
Can anyone offer advice on a particular insurance company that perhaps specialise in covering people with illness's?
Also, I have an existing policy since 2002 (approx.). I asked the bank yesterday can this policy be changed to cover the mortgage, they said if it is changed to include my illness's my premium will rocket, I feel now I'm going to be penalised on a policy I had prior to my illness, and this seems unfair. Can this be done?? Also my existing policy doesn't cover my illness or pending operation, so I feel if I'll be penalised when updating it, I should at least get something back in the line of compensation for the illness's i'm being penalised for.
Can anyone offer any advice or words of wisdom??