Sunflower123
Registered User
- Messages
- 33
HI
Myself and my partner are about to take out a mortgage (that has all been approved) in order to draw down the funds we need to obviously take out mortgage protection. Our broker has been trying to get us to take out Life Assurance with critical illness (which we cant really afford).
My question is, is it ok to take out mortgage protection, then say in 6months time want to chage to life assurance when we know how the monwy situation is. Are there any additional charges which we could face for cancelling the policy?
Thanks
Myself and my partner are about to take out a mortgage (that has all been approved) in order to draw down the funds we need to obviously take out mortgage protection. Our broker has been trying to get us to take out Life Assurance with critical illness (which we cant really afford).
My question is, is it ok to take out mortgage protection, then say in 6months time want to chage to life assurance when we know how the monwy situation is. Are there any additional charges which we could face for cancelling the policy?
Thanks