Is Life Insurance Mandatory?
No, life insurance is not a legal requirement for getting a mortgage in the UK. However, it's strongly recommended - especially if you have dependents or someone relies on your income to pay the mortgage.
The average UK mortgage is over £200,000. Without life insurance, your family could face losing their home on top of losing you.
Types of Life Insurance for Mortgages
There are several types of life insurance to consider, including decreasing term, level term, and family income benefit.
Getting the Right Cover
The best protection depends on your circumstances. We can help you understand your options and find competitive quotes.