Really interesting video Paul. My sister lives alone and has a mortgage. She also has a will which stipulates where her estate would go. In the scenario that she died with an outstanding balance and no mortgage payment protection insurance, the bank would come and seize the house and any equity would be rolled up into her estate? Not sure I understand the point in her taking out mortgage protection?
This was super clear to understand. Thank you
Really interesting video Paul. My sister lives alone and has a mortgage. She also has a will which stipulates where her estate would go. In the scenario that she died with an outstanding balance and no mortgage payment protection insurance, the bank would come and seize the house and any equity would be rolled up into her estate? Not sure I understand the point in her taking out mortgage protection?
Mortgage protection is usually more for someone that has a family
@@julianmolloy768 yep, makes sense.
super clear info and good advice!
Cheers Will, happy to help!
Excellent info Paul
Informative as always 👌
Thank you Mark!
Amazing video, well explained. New subbie