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Response to What is a MIG Policy?

from Daren Otsay (darenotsay@blueyonder.co.uk)
MORTGAGE INDEMNITY GUARANTEE. Thats what it is! In other words its a worthless insurance that the building society make YOU pay for, to cover THEM for mortgage shortfall in the event they may have to repossess your house.THEY do not let YOU see acopy of it. And they will NOT show how much they have claimed on it. In fact they will probably say you never took a MIG out in the first place. Hope this helps,

Good luck, Daren

(posted 8150 days ago)

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