Mortgage Payment Protection
Our mortgage payment protection insurance is provided by British Insurance.
Premiums start at only £2.45 per £100 of monthly benefit and no premiums are payable for the first three months.
Applying online is straightforward and secure. Our simple application form takes just a few minutes to complete.
Click here for an instant quote and to apply online
A home, for most people, is the most daunting, expensive, yet necessary purchase that they are ever likely to make, and most of those deciding to purchase a home will have to take out a mortgage in order to do so.
A mortgage is a costly, long term financial commitment, and most people will be paying off their mortgages for many years to come – at least a couple of decades in most cases. In such a long period anything can happen, and it is difficult to predict what fate has in store. This is why it is important to ensure that your mortgage repayments, and subsequently your home, are protected against unforeseen circumstances.
If you were to lose your job unexpectedly, or if you fell ill or had an accident and were enable to work, would you be able to cover your mortgage repayments until you got back on your feet? The most likely answer is that you would soon fall behind on repayments once any savings had been swallowed up, and this could quickly and easily lead to your home being repossessed.
Mortgage payment protection is a type of protective insurance that is designed for mortgage borrowers, and provides that peace of mind that if you are unable to meet your repayments due to redundancy, sickness, or injury, the payments will be covered by the insurer for a set period of time, giving you time to get back on your feet or to secure another job so that you are in a position to start earning money and making your repayments again.
Mortgage payment protection is an important type of cover for anyone that has a mortgage. You will usually be offered this type of cover when you take out your mortgage, but you should not assume that you are obliged to take this cover from your own mortgage provider – you can, in fact, shop around and find some really competitive deals on mortgage payment protection policies from a number of providers.
Even the self employed can find suitable cover, such as accident and sickness cover, without having to pay for features that they cannot benefit from, such as redundancy cover.
When you take out mortgage protection cover the cost of premiums is, of course, an important factor. However, you should not base your decision on price alone, and it is important that you read the small print in order to find out more indepth details about the policy, such as how long your repayments are covered for, and exactly what situations are and are not covered. You should check both the benefits of the cover, and any restrictions or exclusions that are in place with the plan, all of which can usually be found within the small print.
Mortgage protection cover is a valuable type of cover, and offers peace of mind for both you and your loved ones, as you will know that under certain circumstances, such as those stipulated in the policy, you will be protected against the implications of being unable to meet your mortgage repayments for a certain period of time.
Without this type of cover you could well lose your home as a result of a situation where you are not able to earn an income for a while, and can therefore not keep up with repayments on your mortgage.
You can use the Internet to compare a range of mortgage protection cover plans, as this will enable you to find a plan that suits your pocket in terms of premiums, and offers suitable protection that applies to you.
