Hello
A question please about mortgage protection please.
My husband owns a property, purchased before we were married, and he has a single mortgage protection policy on this property which is assigned to a lending institution. It's costs him 22 p/m
If we wanted to have me covered with mortgage protection on this property but we cannot add me to his current policy given it's a single decreasing mortgage protection policy should we:
1. Have Me taking out a single mortgage protection policy for this property @ 13p/m,
2. Have My husband switch providers and take out a new joint mortgage protection policy with me at 26p/m
3. Something else?
The cheaper option is to switch to a joint policy, but it strikes me cheaper may not always be best in cases like this.
Any thoughts or suggestions much appreciated
C
A question please about mortgage protection please.
My husband owns a property, purchased before we were married, and he has a single mortgage protection policy on this property which is assigned to a lending institution. It's costs him 22 p/m
If we wanted to have me covered with mortgage protection on this property but we cannot add me to his current policy given it's a single decreasing mortgage protection policy should we:
1. Have Me taking out a single mortgage protection policy for this property @ 13p/m,
2. Have My husband switch providers and take out a new joint mortgage protection policy with me at 26p/m
3. Something else?
The cheaper option is to switch to a joint policy, but it strikes me cheaper may not always be best in cases like this.
Any thoughts or suggestions much appreciated
C