If i let out my property, is the mortgage life cover still valid?
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Shrimpett10
1 year ago
Expert Financial Adviser Answer
Paul Ross DipPFS CII(MP&ER)
answered 1 year ago
Yes it is. But if it's in single life, make sure you look into placing it in trust
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Expert Financial Adviser Answer
Darren Smith
answered 1 year ago
Paul's right on both counts but you might want to check the set-up on the mortgage as the lender would need to give consent to let and often its not in your best interest to have a repayment mortgage on a rented property (i assume this as you said mortgage life cover which usually refers to a decreasing plan).
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feel free to get in touch with more questions!
Expert Financial Adviser Answer
Richard Salter
answered 1 year ago
Absolutely life cover is what it says, life insurance. The threats to your life are unaffected by whether or not your property is let out.
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