What insurance do i need?

Question

I am buying an house I know i need buildings insurance and insurance to cover for if we are out of work, but the life insurance I take out do I HAVE to take out with critical illness to be able to go forward with my mortgage.???

Answer 1

I can't answer for the UK, but in the US your mortgage company only requires that you have Homeowners insurance to protect their investment.  You don't have to have life insurance, although it is a good idea, and you certainly don't have to have critical illness insurance.  Why don't you just call the mortgage company and ask them what is required?  Then you will know for sure.