Once your mortgage has been agreed, it’s very important that you make all the repayments in full and on time. If you fail to do so you could lose your home and it could also affect your credit rating.
Protecting yourself and your family if the unexpected happens is something you should seriously consider. If you or your partner died prematurely, suffered a critical illness, were made redundant or were unable to continue working due to a long term illness or disability, how would you or your family cope financially?
You can protect yourself, your family and your home in a number of ways:
This will ensure your family is taken care of in the unfortunate event of something happening to you.
Replaces part of your income if you are unable to work for a long period of time because of illness or disability.
Pays out a lump sum if you’re diagnosed with a critical illness. You can use the payout for anything such as, to pay for medical treatment or to pay off your mortgage.
There are many policies to choose from which will ensure your home and possessions are covered if they were stolen or damaged.