I was under the impression that we were eligible for a partial LMI refund if the life of our loan is less than 12mths.....we had 3 loans with them which all lasted around 5-6mths before we paid it out. We applied for a partial LMI refund and have just received a letter in the mail today saying the bank has attempted to approach the MI about our request and the MI has declined our request!
Is this right? Or is the partial LMI refund something that is optional for the banks?
Is this right? Or is the partial LMI refund something that is optional for the banks?