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Mortgage protection insurance

Hi, We're first time home owners considering if we need to take outhe mortgage protection insurance. I wondered how many people actually take this out and if people can offer any advice and possible recommend providers?

Is this here also income protection insurance, is this something slightly different?

Any helpful comments appreciated.

Comments

  • amnblog
    amnblog Posts: 12,771 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    You need to be sure you have considered what you want to happen if your income stops. Mortgage protection insurance is part of that process.

    Get some proper advice from a broker who can consider all providers for you.
    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.
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