Affordable Housing FAQs
Do I need mortgage-protection insurance?
Yes. This is a special type of life assurance taken out for the term of the mortgage to make sure the mortgage is paid off if you die.
Mortgage-protection insurance from your Local Authoriy
If your mortgage is with the Local Authority, you must take out a mortgage-protection insurance policy with them and the cost will be added to your monthly mortgage repayments.
Mortgage-protection insurance from your bank or Building Society
If you get a mortgage with a Bank or Building Society, you will need to take out mortgage-protection insurance. Discuss your options for mortgage-protection insurance with them.
