Financial protection is designed to protect your family’s finances should something happen to you such as being diagnosed with a long-term illness, losing your job or suffering an untimely death. There are a number of different protection policies which can be put in place to allow you to maintain your standard of living should something happen.
For a lot of homeowners, your mortgage payment is typically one of the most significant monthly expenses that you will incur. It’s therefore important to protect the roof over your head and avoid falling behind with your mortgage payments and potentially running the risk of repossession.
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1% but a typical fee is 0.3% of the amount borrowed.