This is true; but is that a barrier?Insurance premiums for whole of life polices ie guaranteed to pay out when you die are a lot more expensive
For an awful lot of mortgage holders, I would say so.This is true; but is that a barrier?
Not seeing any "hinting" here; it's an open discussion.What’s being hinted at here is reckless lending…lending to people who can’t repay the money.
If there's surviving spouse / partner I think you would definitely want the life assurance to pay the capital.Mortgage protection beyond 65 would not be necessary. But we would need a repossession regime. As it's quite likely that the kids will have moved into the house and refuse to leave and refuse to pay the mortgage.
Brendan
Without knowing further detail about the person, it’s an impossible question.Not seeing any "hinting" here; it's an open discussion.
What was 'reckless' about a 40 year old borrowing 60k in 1995? About average for a new house at that time in the wider Dublin area.
Without knowing further detail about the person, it’s an impossible question.
It’s also misleading to cite a period of extraordinary price growth which encompasses our move to the Euro, access to cheaper borrowing, etc.
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