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Mortgage Protection Insurance

rach83
rach83 Posts: 300 Forumite
in Insurance & life assurance
I am about to buy a property on my own. I have owned a property before jointly with my ex partner. I am being pushed by my mortgage advisor to take out unemployment/sickness protection for my mortgage. Which I think is necessary but it seems incredibly expensive. Does anyone know who is best to approach for this?

Many thanks

Comments

  • payless
    payless Posts: 6,957 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    shop around .. research on internet / ask another "adviser"

    make sure the terms suit your needs / priced accordingly ... ie is it worth paying for sick cover back to day 1 if your employers pay ypu 3m sick
    Any posts on here are for information and discussion purposes only and shouldn't be seen as (financial) advice.
  • mellyp
    mellyp Posts: 212 Forumite
    Part of the Furniture Combo Breaker
    definitely shop around.

    I had mortgage protection which i took out with my mortgage at £15.42 a month.

    After looking on here and reading Martin's article, i went with Pinnacle and had better cover (sickness from day 1) for £9.77 a month
  • dunstonh
    dunstonh Posts: 120,750 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Pinnacle have had issues though so sometimes its not always the cheapest that is the best.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
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