5 Year Fixed Rate Offset @ 5.35% - Who ???

mchu6am4

Question?

Should I also take life insurance and mortgage protection from First Direct? Is it needed?

Rick62

Insurance is usually a good idea, but you will normally get a better rate going to an indepedant broker, also you need advice on the most suitable insurances. Lenders do not give full advice.

Get the mortgage underway, before you lose the rate you want, you don't have to do the insurance at the same time, so you have no rush to consider this.

mchu6am4

Rick62 wrote:

Insurance is usually a good idea, but you will normally get a better rate going to an indepedant broker, also you need advice on the most suitable insurances. Lenders do not give full advice.

Get the mortgage underway, before you lose the rate you want, you don't have to do the insurance at the same time, so you have no rush to consider this.

Thanks for that very useful advice (I thought you had to take it out at the same time.)

mchu6am4

Which is generally better? - To take out 'mortgage' or 'income' protection?