Many of us will know someone who has died or suffered a critical illness, which can have devastating effects on those around them.
Whilst our lives may be going well, none of us know what is around the next corner, but it is at this point that plans should be made, so should something go wrong, you are protected and your finances do not become a problem.
For most people, their mortgage is their largest financial commitment and, should the worst happen, it would be good to know that your mortgage payments will be maintained.
Because we play by the book we want to tell you that…
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances.
The fee is up to 1% but a typical fee is 0.3% of the amount borrowed.