One in five homeowners review protection when remortgaging

According to its survey of 2,000 homeowners with a mortgage, 18.6% of homeowners properly reviewed their protection needs when remortgaging, 17% did not review them at all and 64% carried out a cursory check. Vitality said this means most are remortgaging with protection cover that may no longer reflect their circumstances or financial responsibilities. On average, respondents said they could continue paying their mortgage for 6.3 months if they lost their income, with 10% saying they would struggle beyond one month. Last year, the provider found that among the one in four policyho...