[Gllug] NHS opt out

[t.clarke]

Can't say I have any direct experience in the area of mortgages,  but
my guess is:-

If you are relatively young and taking a mortgage for somewhat less than 100%
of the house value,  the Building Society/Bank may not require any kind
of life insurance as they can always grab the houe if you snuff it and get their
money back.

However, if you are older and taking on a mortgage for a substantial percentage
of the house value the Bank may well feel that in the event of you snuffing it
(more likely if yu are older) they will not be able to flog the house at auction
or whatever and receover what is owed. In which case they will require some
insurance cover so they are not left out of pocket.


Just a guess !!!


Tim
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