Will your mortgage lender accept a Life Insurance policy bought online?

Yes they will.

STEP 1 of 2
Type of cover
Life Insurance       Mortgage Life Insurance
 
Cover Level (£)

Number of years
Do you want:  
Critical illness cover
Family income benefit
 

Hot Topics

Why should you have Mortgage Payment Protection Insurance?
Your home is at risk if you fail to keep up the repayment of loans secured against it.
Are There Any Situations That Would Result In My Claim Being Refused?
Yes there are the usual exclusions. These are summarised below but you should carefully read the paperwork that comes with your insurance documents.
Is Mortgage Payment Protection Insurance the same as a Mortgage Insurance Guarantee?
No. Mortgage Payment Protection Insurance is totally different to a Mortgage Insurance Guarantee.
How much should you insure for?
The rate you pay is charged per £100 of income you need. So, you should insure for the next £100 above the cost of your monthly mortgage repayment.
All your mortgage lender will want is evidence that your life is insured for the correct sum and term. A copy of your Acceptance letter will normally suffice but some lenders may want to see a copy of your policy. Your insurance company will always send the Acceptance letter to you and also hold a copy. Your policy documents will come to you either directly from your insurer or via your broker (- the despatch procedure for policy documents varies depending upon which insurance company you are with.)

 

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