Prior to buying a property it’s important to consider whether making your mortgage payment during the mortgage term will ever be a problem. Think about what you would do if you couldn’t afford to pay your mortgage. The possibility of losing your home would be unbearable. So it’s important that you discuss this subject with your broker during the process of arranging your mortgage. This allows you to account for all ongoing expenses involved in buying your property and protecting those assets from unforeseen risks.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
AS WITH ALL INSURANCE POLICIES CONDITIONS AND EXCLUSIONS WILL APPLY.