Mortgage Protection – easing your biggest concerns.
Mortgage Protection – easing your biggest concerns Mortgage Protection – easing your biggest concerns. OK, now you have a lovely new home and with it comes a lovely new mortgage. With the average mortgage advance standing at around £150,000 it's a long-term commitment to repay a lot of money. The repayments also take a fair slice out of your monthly income. What could go wrong with these financial arrangements and can you hedge your bets by insuring against the risks? After all you have a family to protect. Most people would identify 5 main areas of concern, all of which boil down to your ability to maintain the mortgage repayments: <ul> <li>Interest rates might increase and make the monthly repayments unaffordable </li> <li>You might loose your job </li> <li>You might be forced to take time off work through illness or accident </li> <li>You may become permanently unable to work through accident or very serious illnes...