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Mortgage payment insurance for unemployed?
Sheveko
Posts: 77 Forumite
Three of us a going in on a mortgage together (a single person and a couple). One half off the couple is unemployed with sporadic income (but some savings that could cover payments in the short term if all income is lost). The employed half of the couple could conceivably cover payments too.
How should deal with this in our Declaration of Trust regarding the clause about income/payment insurance?
https://forums.moneysavingexpert.com/discussion/comment/47547735#Comment_47547735
How should deal with this in our Declaration of Trust regarding the clause about income/payment insurance?
https://forums.moneysavingexpert.com/discussion/comment/47547735#Comment_47547735
7. COHABITANTS must put in place and maintain accident, sickness and unemployment protection sufficient to cover their share of the mortgage payments.
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