Can I get a mortgage with no life insurance?

Can I get a 75K mortgage with no life insurance in the UK?





If not, will the mortgage company want to know who the insurance is with?





Will they issue a mortgage with NO life insurance at the age of 52?Can I get a mortgage with no life insurance?
Yes, you can obtain a mortgage in any amount regardless whether you have life insurance or not. A mortgage is secured by your home; and that is what would be used to pay the loan in full in the event something happened to you - not the life insurance.Can I get a mortgage with no life insurance?
Your the perfect host to a parasite which is what banks and bank workers are. Yes you'll get a mortgage as long as you have a full time job, At 52 years of age they'll be bending backwards to sign you up especially with no insurance. No life cover they'll offer you theirs, all they want is you to take the mortgage on their terms and their life and mortgage insurance, default on a few payments send the heavy mob in re-posses the house on negative equity and dance on your grave. I'm not ****** kidding. You have no idea how low banks will go to get what little you've got that you had to slog your guts out for. Banks are preying on the old hoping the old dears croak on one of those unlock equity deals they all offer now. Don't feed the machine!
Actually it is pretty easy to get a mortgage without life assurance in place. Most lenders will probably try to bring it up but it is more of a sales point not a requirement to allow a loan in the first place. If a lender or broker tells you it is mandatory then look elsewhere.
If you have a typical 80/20 loan, you can avoid the insurance, otherwise the lender requires the insurance so they do not lose money on the home if you die.
Lenders cannot insist on life assurance, but normally it is advisable. The only compulsory insurance when getting a UK mortgage is buildings cover.
Yes, I had a mortgage with no life insurance.