Over £400B of mortgage debt not covered by life insurance

Beagle Street research shows

Jaskeet Briah
clock • 1 min read

Around £433 billion of mortgage debt is not covered by a life insurance policy in Great Britain, research from Beagle Street found.

The research, which was carried out by independent research organisation MindMetre, calculated the mortgage debt estimate for each region of England, along with Wales and Scotland, that is not protected by life insurance. London was the area with the largest mortgage cover gap in England (the potential liability for homeowners should their partner die unexpectedly) at £86.4 billion. This is followed by the South East (£82b) and the East of England (£50.7b), while the North East was at the lower end of the mortgage cover gap at £10.9b. Meanwhile, the figure hit £27.9b in Scotland and £...

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