Mortgage Protection for your Buy-to-Let Properties
Do you have Mortgage Protection for Buy-to-Let Properties?
Life Insurance for mortgages is essential and designed to pay off the outstanding balance on your mortgage loan should you die within the policy term.
You are more than likely to have cover for your main residential mortgage, however covering your buy-to-let property can be just as important.
If your family are unable to manage the buy-to-let property in your absence and need to sell the property, they would need to continue paying for the mortgage until the property could be sold. This causing an undue burden for all concerned. Protecting your buy to let property with a mortgage would guarantee your family receiving the property as an additional asset.