A protective layer

Professional Adviser

Roger Alexander and Mike Houghton outline the mortgage protection options for clients taking their first step on the property ladder

Buying a new home is a stressful experience, whether you are a first-time buyer or not. Having found a property and taken out a suitable mortgage to fund the purchase, most people turn their attention to what is seen as essential insurance, for example buildings and contents insurance. Alarmingly, many homeowners are unaware that should they fail to keep up their mortgage repayments ' whatever the reason ' the lender will want its money back. First-time buyers are often overwhelmed with the hidden expenses when setting up home. The costs seem never ending and make working within the cons...

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