We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

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: 121,049 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.
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 353.8K Banking & Borrowing
  • 254.2K Reduce Debt & Boost Income
  • 455.2K Spending & Discounts
  • 246.8K Work, Benefits & Business
  • 603.4K Mortgages, Homes & Bills
  • 178.2K Life & Family
  • 260.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture