Life Insurance

Life insurance is not a legal requirement when you take out a mortgage but it would seem to be one of the most important insurances to have in place, especially if you are joint property owners.

Life insurance for a capital repayment mortgage should be recommended on a decreasing basis in line with your mortgage and term to ensure that if either of the mortgage party were to die during the term then the outstanding mortgage balance would be paid in full. This is especially important for families to have in place and is relatively cheap for the peace of mind that the insurance provides.

If you do not have a mortgage but you have dependants then a level life insurance policy for a set period of time would be more suitable. This is something we can discuss in greater detail and would would be happy to provide you with some options.

If you are single this type of insurance may not be your biggest concern as you have no beneficiaries which is completely understandable.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

We normally charge a fee for mortgage advice. The amount will depend on your circumstances.
A typical fee would be £495 payable on offer. A fee of £100 is payable on application.

Network Mortgages is a trading style of Network Mortgages (South East) Limited which is an appointed representative of PRIMIS. PRIMIS Mortgage Network is a trading style of Personal Touch Financial Services Ltd which is authorised and regulated by the Financial Conduct Authority. Network Mortgages (South East) Limited registered in England & Wales Reg No 10439208. The Financial Conduct Authority does not regulate most buy to let mortgages. Network Mortgages (South East) Ltd act as a credit broker not a lender for home and landlords insurance. The guidance and/or advice contained in this website is subject to UK regulatory regime and is therefore restricted to customers based in the UK.

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