Is there such a thing as a 3 Way mortgage

Luckily he was able to show that his usual movements didn't take him near the No 11 route, so they relented.

"Ronald Raygun" wrote

Really? His protestations as to being low-risk to HIV didn't cause them to relent. I wonder why evidence of being low-risk to No.11 bus accidents waqs any different?!

I don't know what you mean by "waqs".

They only had his word for it that he was low-risk to AIDS, something which is not easy to prove. Non-proximity to a No11 route is, however, much easier to verify, and therefore to accept as fact without question.

"Ronald Raygun" wrote

How on earthq did that 'q' slip in there?!! ;-)

"Ronald Raygun" wrote

Full proof is not usually necessary; anyway, why do you think life offices are often happy with a simple "lifestyle questionnaire" (with suitable answers!) ?

"Ronald Raygun" wrote

... but very difficult to *prove* that the person never ever ever goes near the No.11 route. Anyways, I think they would be just as concerned about propensity to fall under a No.12 bus, or a No.10, or No.45 ....

In message , Chris Malcolm writes

This is were you were badly advised, apparently by 'professional's who didnt know what they were talking about. The lender would have no knowledge of the HIV test and it was not the lender who wanted it, they just wanted life cover, it was the life insurer who wanted it.

Not at all. The existence of the test would only be known to you and the insurer, and they only ask for such tests if the sums involved are large and/or their underwriting requires 'lifestyle' questions.

If you subsequently apply for life assurance again there will likely be a question sometimes saying 'have you ever had an HIV test?' so you would just declare the circs and nothing would go against you, or the question might be 'have you ever tested positive for HIV/Aids". If you have got HIV or AIDS then obviously this would have an effect on the life cover.

It most certainly is NOT a black mark and no other institution, bank or insurer, would be aware of it.

Now that AIDS has not turned out to be the pandemic that it was thought to be, AIDS tests are less common.

John Boyle

Exactly. It wasn't exactly a fair system, but you were correct in your worries (at the time).

"john boyle" wrote

Not so, John - were you involved in working in life offices in the eighties? Perhaps not?

... when proposing for new life insurance. Correct. I always thought at the time how silly it was, but most life insurers tended to be like that in those days.

"john boyle" wrote

Oh yes it was!

"john boyle" wrote

"john boyle" wrote

... nowadays, correct. Unfortunately in the early days (eg eighties) life offices were in a panic about HIV/AIDS, and what Chris says is true. Just the mere fact of having had a HIV test would "go against" you when proposing for further life insurance.

"john boyle" wrote

In the past, it would have acted as a "black mark" to (life) insurers - and there was no way that Chris could have known at the time that insurers practices on this point would change after his experience.

"john boyle" wrote

And also insurer's practices aren't quite so paranoid!

Check out the HSBC Islamic 'Mortgage'. I was looking at this for an entirely different reason, in the hope that, because it's not technically a mortgage, if a relative took one out for his property and then had to go into a home, then there would be no way that he could be forced to sell the house. Anyway, while looking into it, I did notice that they are open to more than 2 people.

Regards

Simon Clark

Because they are more prepared to be trusting before there exist grounds for suspicion than afterwards.

"Never ever ever" is not necessary. The arithmetic of risk is such that "rarely" will usually do nicely.

It's OK, he doesn't go near the 10 or 12 either. The 45? Damn, got him. But there aren't that many of them per day, and they specialise in old ladies, not young men.

"Ronald Raygun" wrote

Round about where I come from, they are two-or-three times each hour. Plenty enough to cause damage!