There are a few other products that may be recommended to you when taking out a mortgage
to buy a property, some mortgage lenders may also insist that you take some of the financial
product, especially life insurance.
The kind of policies which you decide to take will depend on your circumstances and it
is recommended that you look into each individual product and find out if you will really need them.
Some of the financial packages that you may be offered include the following:
Life insurance: A life insurance policy provides covers in the case of death. This policy will pay out a sum, this is usually set to the value of the mortgage. Mortgage lenders may insist that you take out life insurance. It is also advisable that if you have dependents that you consider taking out life insurance as this will ensure that if the worst happens they will have a roof over their heads.