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Life insurance an essential part of the mortgage process

Date: Thu, 02 Jun 2005

Consumers are instructed to view life insurance as an essential part of the mortgage process as the number of approved loans continues to rise.

The latest figures from the Bank of England reveal that mortgage approvals are at their highest level for nine months, however, they still remain well below 2004 levels.

"The Bank of England mortgage lending and approvals data reinforce the impression that a relatively limited seasonal pick up is occurring in housing market activity," said Howard Archer, chief economist at consultancy firm Global Insight.

The majority of borrowers are encouraged to consider taking out life insurance policies to ensure that if the worst should happen then relatives will be taken care of.

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Endsleigh Insurance Services Limited. Company No: 856706 registered in England at Shurdington Road, Cheltenham Spa, Gloucestershire GL51 4UE.