Buying a property is considered as one of the biggest financial purchases someone can make. Homeowners could consider what financial protection they need, to give them peace of mind. One of the most common types of mortgage protection usually consists of mortgage life insurance with critical illness cover and mortgage payment protection insurance (MPPI). 13% of homebuyers who purchased their mortgage via a mortgage broker did not discuss their protection needs, according to new research. Of those aged 55 and above – despite this age group being more likely to suffer from health concerns one fifth did not discuss protection at all. Seeking professional financial advice could help you to decide on the right financial protection for you.
