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Mortgage Insurance Cover
If you were unexpectedly made redundant, injured or diagnosed with an illness that kept you off work for months, would you be able to rely on your savings to meet your monthly mortgage repayments? No? You should see whether mortgage insurance cover is suitable for you.
Most homeowners with a full time working partner or savings totalling over £8,000 will not receive any state mortgage assistance in the event of unexpected income loss. But even those who are eligible for mortgage support will often face interest payments of up to £100,000, unless they have mortgage insurance cover in place to come to the rescue.
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