In the process of buying our first home. Got an amended Letter of Approval.
It states "it was a requirement that a life policy be assigned in respect of your loan such a requirement will now only apply where the loan is an Endowment Loan".
Am I right in saying that Mortgage Protection is not required on our Annuity Loan.
Would one be advised to take out mortgage protection regardless.
Thanks.
It states "it was a requirement that a life policy be assigned in respect of your loan such a requirement will now only apply where the loan is an Endowment Loan".
Am I right in saying that Mortgage Protection is not required on our Annuity Loan.
Would one be advised to take out mortgage protection regardless.
Thanks.