What Are The Risks Of Home Ownership?

There is only one real risk – losing your home!

How can I lose my home?

If you can not pay your monthly mortgage payment your home will be repossessed by your mortgage lender.  You are only 3 pay days away from repossession. Your financial situation can change quickly.

What if I am ill and can’t work?

You still need to pay your mortgage payments. If you are unable to do this then the lender will most likely repossess your home. You can safeguard yourself against this with Income Protection Insurance.

What happens if I die?

Your mortgage still needs to be paid or repaid in full. If you have a joint mortgage with a spouse/partner then they will become fully responsible for the full mortgage payment. Can they afford this? Don’t forget about child care costs if you are no longer here to support with this. Do you want to leave your family with a home or a mortgage? A simple Life Insurance Policy will safeguard your family.

How do I financially safeguard myself and my family?

Your mortgage broker will help you with this. Income Protection and Life Insurance should be explored by all home buyers. It is important that you understand the real risk of losing your property.  Start here to get a quote and full advice :

By completing this form you will receive a phone call from our mortgage adviser who will be able to provide you with a full quotation and advice.

    Now that you have filled in this form why not find out more about us?

    What we do:

    • Search from a comprehensive range of insurance providers for the best options available to you
    • Offer completely unbiased insurance advice
    • Home buyer mortgages
    • Remortgages
    • Buy to let mortgages
    • Equity release – expert advice for later life borrowing
    • Life insurance

    What we don’t do:

    • Pay your mortgage – if you do not keep up on your mortgage repayments, your home may be repossessed.
    • Charge you a fee – we are a fee free broker, providing expert advice without the fees!

     

     

     

     

    Back to articles
    What Are The Risks Of Home Ownership?