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Mortgage Payment Protection Plan
StartingAgainKayla70
Posts: 962 Forumite
Please can someone shed some light and in lamens terms. thank you
I have a repayment mortgage
I pay payment protection on this at level term
Is it true that level term is better for interest only
Am I better off paying a decreasing life cover instead
Paying at the moment £65.00 a month on £150k mortgage(level term)
Did a quick quote on Decreasing Life Cover for £150k and its £15 a month
Any advise would be great, as I dont want to pay something if its not viable.
PS A financial advisor sorted the original out for us. (not sure if that makes a difference)
Thank you
I have a repayment mortgage
I pay payment protection on this at level term
Is it true that level term is better for interest only
Am I better off paying a decreasing life cover instead
Paying at the moment £65.00 a month on £150k mortgage(level term)
Did a quick quote on Decreasing Life Cover for £150k and its £15 a month
Any advise would be great, as I dont want to pay something if its not viable.
PS A financial advisor sorted the original out for us. (not sure if that makes a difference)
Thank you
NEVER REGRET ANYTHING THAT MAKES YOU SMILE:D0
Comments
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duplicate thread - please respond on other one.
http://forums.moneysavingexpert.com/showthread.html?t=347371I 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.0
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