| Topic: | Re:Re:Re:sleeping in the park | |
| Posted by: | Jonathan Mun | |
| Date/Time: | 02/10/06 12:45:00 |
| Sue, our mortgage cover (100% of balance paid on death of either insured party) is with Legal & General and is well under £100 a month for 2 people. Were your quotes on a reducing balance as this makes a significant difference? Have you asked for a quote from them? I admit, I didn’t even shop around as the policy can be changed at any time and wasn’t a condition of our mortgage. It seemed like a reasonable amount at the time and I was too busy to shop further. Then again, maybe you have a much larger place than we do so your premium may be much higher :) I would argue that my figure of £100/month is still reasonable given that “lower” income earners are not likely to be able to afford a mortgage of the same amount without borrowing to the limit which is never a good idea. |