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Property purchase - Life disability policy cover from sabadell seems too expensive. Advice please?

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Posted: Mon Jan 8, 2018 12:18pm
3 replies45 views2 members subscribed
mnaughton

Posts: 5

Location: La Marina

Hi all

I'm planning to buy a house in the urbanisation, but have been hit with a life/disability policy cover from sabadell of 12000 payable up front, is it possible to arrange my own cover and pay per month like in the UK. I would be very grateful for any advice as this is putting me right off buying 

Thanks

Michael 

operationdinnerout

operationdinnerout

Can help with questions about Altea, Beniarbeig, Benidoleig, Denia and Ondara

Tue Jan 9, 2018 11:48am

Posts: 321

Location: Beniarbeig

170 helpful posts

Posted: Tue Jan 9, 2018 11:48am

Hi Michael, could you be a little more specific about what this is so that we can help more accurately? 

12000 or 1200 and is this an insurance policy? Insurance policies are not necessary for property purchases. But if you can explain a little more I'm sure you'll get the answers you need. 

Steve

mnaughton

mnaughton

Original Poster

Tue Jan 9, 2018 11:53am

Posts: 5

Location: La Marina

Posted: Tue Jan 9, 2018 11:53am

Steve 

It is a life insurance policy costing 12300 for the term of a 17 year mortgage of 85000.The monthly mortgage payment would include the 60 euro a month, I'm told that it is compulsory. 

Regards 

Michael 

operationdinnerout

operationdinnerout

Can help with questions about Altea, Beniarbeig, Benidoleig, Denia and Ondara

Tue Jan 9, 2018 12:02pm

Posts: 321

Location: Beniarbeig

170 helpful posts

Posted: Tue Jan 9, 2018 12:02pm

Thanks Michael. I'm not able to offer advice on that but sit tight and do nothing yet as there are many people on the Forum who will be able to. I'm sure you'll get some good advice quite quickly. 

Good luck, Steve 

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