It is not only the mortgage deal that homeowners should be reviewing – it is no good having a low interest rate if the fundamental aspects of one’s lives the home and family protection are not in place!

“I have often encountered families where the main breadwinner has suffered a bereavement and there is no, or little, life cover in place to cover the mortgage debt”. Up until the late 80’s lenders insisted borrowers took out life cover to meet the mortgage debt in case of death often assigning the life cover to the mortgage.

This has since changed and what is doubly worrying is that many employers have also closed their final salary pension schemes which has resulted in loss of ‘employee death benefits’.