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Mortgage Insurance

We are pleased to offer you a fast and professional Mortgage Insurance service to complement the arranging of your mortgage. Taking on a mortgage will for most people be one of the biggest financial commitments in their life, and all too often no consideration is given about how the mortgage will be paid should an accident, sickness, or redundancy occur. It's not something we like to think about, but with the state providing little or no help with such costs these days, it is worthwhile looking at what insurance you have in place to enable you to keep up with your repayments. If you don't currently have cover, we will be pleased to provide a competitive quote for you. Click here for a quotation.

A Mortgage Payment Protection Insurance (MPPI) policy is designed to pay your mortgage payments for you if you become unable to work for an extended period of time, as a result of redundancy, accident, sickness or disability. An MPPI policy should provide enough income to cover all your monthly mortgage expenses. If you have a repayment mortgage, this should be your capital and interest repayment and if you have an interest-only mortgage , the MPPI should cover your interest payment as well as your normal monthly contribution to the investment fund (e.g. endowment) arranged to repay your loan.

 

Life Cover

There are various types of life cover available, the most straightforward and cheapest being Decreasing Term Assurance which provides a lump sum payment if you die or are diagnosed with a terminal illness within the term of the plan (the term will normally co-incide with the term of your mortgage). The level of cover will decrease in line with your reducing mortgage balance on a repayment mortgage. Even if you already have cover in place for your existing mortgage, you may be able to save on your monthly premiums by asking us to quote now

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your Mortgage