Daily Mail - Homebuyers wrongly told they can only get a home loan if they buy life or income protection cover
Homebuyers are wrongly being told they can only get a mortgage if they buy life insurance or income protection cover.
Research in the Daily Mail shows more than three in ten borrowers have been told life insurance is a legal requirement, while a further third say they were advised that they couldn't get a loan without it.
Anthony Emmerson, director of Mayfair-based mortgage broker Trinity Financial, told the Daily Mail brokers dealing in lower-value loans could earn more from selling life insurance policies than from the mortgage itself.
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