If i let out my property, is the mortgage life cover still valid?

Asked by wesey3

3 Answers

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Answered by Paul Ross DipPFS CII(MP&ER), IFA in Bourne, LINCOLNSHIRE
Yes it is. But if it's in single life, make sure you look into placing it in trust | 02.09.11 @ 16:58
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$commenter.renderDisplayableName() — {comment} | 08.18.17 @ 10:50
Answered by Darren Smith, IFA in Basingstoke, HAMPSHIRE
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).

feel free to get in touch with more questions! | 02.09.11 @ 18:54
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$commenter.renderDisplayableName() — {comment} | 08.18.17 @ 10:50
Answered by Richard Salter, IFA in Trowbridge, WILTSHIRE
Absolutely life cover is what it says, life insurance. The threats to your life are unaffected by whether or not your property is let out. | 02.15.11 @ 17:24
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$commenter.renderDisplayableName() — {comment} | 08.18.17 @ 10:50
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Answered by

Paul Ross DipPFS CII(MP&ER)
Paul Ross DipPFS CII(MP&ER), IFA in Bourne, LINCOLNSHIRE

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