How Much Mortgage Protection Do I Need?
How Much Mortgage Protection Do I Need? The mortgage balance provides one figure. It does not provide the complete answer. The amount of mortgage protection needed depends on what the policy is intended to achieve. One household may want the mortgage repaid following death. Another may need monthly support during illness. A family may also need […]
Can I Get A Second Charge Mortgage Without Remortgaging?
Can I Get A Second Charge Mortgage Without Remortgaging? Yes, it may be possible to get a second charge mortgage without remortgaging. A second charge mortgage allows you to borrow more money against your home while keeping your current mortgage in place. Your existing mortgage remains the first charge. The new loan sits behind it […]
Mortgage Protection in Later Life
Mortgage Protection in Later Life: What Should Older Borrowers Consider? A mortgage does not always end before retirement begins. Some borrowers continue making repayments after leaving work. Others take a new mortgage, remortgage or extend an existing term later in life. The mortgage may continue, but the income supporting it can change. Protection should therefore […]