Mortgage Protection Insurance

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Short Term Mortgage Income Protection
Long Term Mortgage Income Protection
Mortgage Protection Life Insurance
Mortgage Protection Critical Illness

Mortgage Protection Insurance

Protection to help you keep your home through hard times.

If your income stopped tomorrow, would you be able to keep up your mortgage repayments?

Many people never consider Mortgage Payment Protection insurance (MPPI) when taking out their home loan. Recently the Government has changed the rules governing Mortgage Protection and Mortgage Insurance policies must now meet or exceed certain minimum standards.

Some people think that they will be able to rely on their savings or state benefits to pay the mortgage if they are unable to work. These people sometimes get a very unpleasant shock when they discover that the state benefits are very low and that they are rigorously means tested. They are also not given out for some time. Sometimes there is a wait of about nine months before payments start. If you have savings you would have to use them before any benefits would be payable.

Mortgage Income Protection is not compulsory, although it is sometimes a condition of certain loans. Anyone with a mortgage would be foolish not to take it out. A lot of people these days have stretched themselves financially with their mortgage. For these people it is even more important to be covered in the event of unforeseen unemployment. Good policies will cover any bills related to your mortgage including interest and repayments.

A good MPPI policy will start to pay one month after you are out of work (either through illness or redundancy). Typically policies pay out for 12 months. It is expected that within that period people will have found other employment or recovered from illness.

Most people reaching this point would have already decided that MPPI is a good buy so why choose UKinsuranceNET?

We work with leading UK insurance companies, ensuring that you not only have the best cover but also obtain an excellent quote. Speak to one of our highly experienced consultants today on 0844 875 55 33 or fill out our online quote request form and one of our advisors will contact you.