Protecting your mortgage

Mortgage Payment Protection

Insurance (MPPI) is advised, but not a requirement of the lenders.

MPPI covers you for accident, illness or redundancy.  Generally, the cover is for up to 12 months in any one claim.

You can tailor your policy with some providers so that you have either the redundancy standalone or accident & illness standalone.

NB. Be careful if you’re self-employed as the unemployment options tend to be difficult to claim on unless your business is no longer trading and doesn’t hold any assets or cash. We can discuss this with you.

Income Protection

This is the belt and braces of accident and illness protection.  You can select to be covered up to your own chosen term and the benefits cover up to a percentage of your earnings at the time of claim.

Life cover

The cost of these policies has dropped significantly over the years.

Reducing cover for repayment mortgages

Level cover for interest only mortgages or people who would like the benefit to remain level.

Please do not hesitate to let us know if you’re interested in a quote from some of the best insurance providers in the market place such as Legal & General, Aviva, Prudential, Friends, AEGON and many more.