Can Anyone Help - Insurance Policy Tracing

Hi

Wonder if it is possible somehow to find out if an insurance policy exists or still exists - specifically, this would be a policy covering the mortgage debt on a house.

There is some debate as to whether there was, is, or is not a policy to such effect.

There is room to believe that the mortgagee (now deceased) may have paid annually by cheque, leaving his wife unaware of either payment or possibly existence. No paperwork has yet been found to support the existence of such a policy, though relatives are all fairly certain he would have had cover.

I am in the process of writing to every finance company that was dealt with according to records we do have, and who may have provided insurance at some point.

I guess what I'm asking is if there is an easy way to find out - such as one might discover any charges on a property at Land Registry.

If not.....

.....any ideas on how one might clear a 92k debt with very limited income and an estate worth, um, not a lot, given that the house is now technically owned by a trust set up in the will.

Is there a way of getting the mortgagor to hold off in the situation that money is due to the estate at some (undetermined) point in the future, of undetermined amount, due to an accident in which liability has so far been admitted.

Thanks in advance for your help

Reply to
Sugar Free
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uk.legal added

Reply to
Matthew Church

x-no-archive: yes

imho, the mortgage co (if any) would have insisted on some insaurance- they may have details.

Reply to
crofter

See previous posts in uk.finance

Good hunting !

Daytona

Reply to
Daytona

If the property was in joint names then almost certainly. I believe that it's only recently that the lenders have allowed mortgages to individuals to forgo insurance.

Daytona

Reply to
Daytona

In message , Daytona writes

It depends on the lenders. Some lenders (mostly b/socs) haven't bothered since 1987 in my certain knowledge (nothing special about that date, its just the first date I can be sure this is the case) whilst some others (all clearing banks) insisted up until very recently.

Sadly, a lot of borrowers were erroneously led to believe that the lenders 'required' life cover when in fact it was just a sales ploy, and a ploy often used by target driven employees of the lender as much as by intermediaries.

Reply to
john boyle

Wasn't it a requirement for certain offers ? eg part of the bundle ?

Daytona

Reply to
Daytona

Many years ago, yes but as time progressed they got fewer and fewer especially after whatever the regulator was at the time frowned on these 'conditional ' products when they werent really necessary in every case.

Reply to
john boyle

Thought they were still widely touted in the adverse credit market ?

Daytona

Reply to
Daytona

In message , Daytona writes

Well you could be right there, but by lenders or intermediaries?

Reply to
john boyle

Dunno, but my impression was that this insurance rip-off is by no means dead and buried, it's just been concentrated on those who are desperate enough to acquiesce.

Daytona

Reply to
Daytona

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