Life Cover and Mortgages
No, in the old days Mortgage Lenders would have insisted you to have Life Cover and also kept a watchful eye on the premiums being maintained by assigning their interest. The only compulsory insurance is for Mortgage Lenders is building insurance on freehold properties so if a mortgage professional is trying to push unwanted products I suggest you shop around or contact Niche Advice where there is no obligation to take anything other than the mortgage. I have to add its is vitally important you strongly consider your protection options when looking to take on such a large commitment so its really important you look to protect you and your families lifestyle.
If you want to talk about your Life Cover options please call us on 0207 993 2044 or complete the online enquiry form on this page.
Author: Payam Azadi
Payam Azadi is a partner at Niche Advice who are whole of the market Independent Mortgage Brokers. His role is very much focused on Property financing both on residential and commercial lines. To get in contact with him please click here.
