Cable Forum - View Single Post

chris9991 · 16-02-2011, 11:37

I think there used to be an insurance scheme on mortagages which protected the lenders when people took out mortgages but, I think, in the late 1990's there was a campaign in the papers to against it as the borrowers paid the insurance but the lenders would benefit.

Or are you talking about protection for people who take out the loan?

16-02-2011, 11:37	#2
chris9991 Inactive Join Date: Mar 2007 Posts: 716	Re: Lender's Mortgage Insurance I think there used to be an insurance scheme on mortagages which protected the lenders when people took out mortgages but, I think, in the late 1990's there was a campaign in the papers to against it as the borrowers paid the insurance but the lenders would benefit. Or are you talking about protection for people who take out the loan?