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TSB Mortgage Offer/Life Insurance

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Comments

  • getmore4less
    getmore4less Posts: 46,882 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    Insurance needs full risk analysis

    Look at the senarioes and decide.

    Life cover
    One dies, usualy OK if no kids,
    There are other options like sell up and buy rent somewhere cheaper.
    If started young cheap enough to consider.
    Once mortgage is down to a level where either could take it on cover becomes a windfall.

    Illness. short and long term.

    Worst case one get ill needs lifetime care of the other so both jobs are lost. Check that case is covered.

    Any cover through jobs might be that will be enough to start with but you have to factor in job loss/moves.
  • LondonGirl252
    LondonGirl252 Posts: 1,983 Forumite
    Ninth Anniversary 1,000 Posts Combo Breaker
    Thanks all for the input, some good food for thought there. My bf will be back with me this weekend so we'll sit down, do a risk analysis and shop around. Much appreciated
    Santander 0% £1,529.94
    Sainsbury's 0% £4,371.31
    Total 0% £5,901.25
    AIM: Pay off debt & simultaneously save for deposit to buy a house by Oct 2020.
    Mar Challenge: Stay within groceries & eating out budget.
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