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Mortgage Life Assurance
BookLover_4
Posts: 24 Forumite
Will I need to take this out on my new BTL mortgage (through Woolwich)? Trying to do a budget and trying to cover all costs 
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Comments
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You do not have to take it out to achieve the mortgage, whether you "need" it is a totally different question...I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it.This signature is here as I follow MSE's Mortgage Adviser code of conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
Dave H is spot on - the only compulsory insurance on a mortgage arrangement, will be buildings insurance (although I would strongly recommend a landlords combined B&C policy for a let).
Hope this helps
Holly0 -
I've known few landlords take life assurance to cover an investment mortgage. Thier view is that at least thier next of kin will be able to sell the properties and bank the remaining equity.
If you want cover - just one best value policy to cover eberything is usualy what smart money conscious folk do. Not a series of policies for different debts.0
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