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Response to Halifax - Mortgage Indemnity Premium

from fairer financial world (fairerfinancialworld@hotmail.com)
Hi Mel,

This would depend on the actual wording of the mig policy.

If this is a mortgage shortfall chase this is Strange - it's unlike Halifax to not claim the Mig upon shortfall calculation (usually done a month after sale of property)

have you sarned them, halifax computer data prints supplied in a SARN show the mig fee claimed and the £ limit of the claim.

I believe Royal Sun Alliance (sometimes in previous company names such as Globe Insurance) have covered lots of Halifax accounts and having seen one of their policies from early nineties with the Leeds (who were taken over by Halifax) I can confirm it doesnt state any time limit period.

However, the problem is that even if they did claim, Royal Sun Alliance or whoever more than likely would give / given Subrogation rights to Halifax (i.e. Halifax would pursue you for the payment made in addition to the amount owed to them and share it in half with the insurer)

Regards

(posted 7568 days ago)

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