Mortgage Payment Protection
When you are happy and healthy, paying out extra money to protect you against unwelcome and seemingly unlikely events can seem like a needless expense. So why bother?
Regardless of your relationship with your mortgage lender, if you fail to make your monthly mortgage payment, you will be in extremely serious danger of having your home repossessed. Unless you have sufficient savings to see you through any hard times, it is well worth considering the options that are available for helping you get through such circumstances. Simply consider the following information and you may well be convinced:
Why Do I Need Mortgage Payment Protection Insurance, (MPPI)?Most people don't think twice about insuring their car or home etc but seem loath to insure their most precious asset - their ability to keep their home with the help of mortgage payment protection insurance. Losing your income can become a reality after an accident, if you fall sick or lose your job.
For example, what would happen if you lost your income? Which bills would you be unable to pay - in particular do you have a mortgage? Would you be able to keep up the repayments on your home? It almost defies logic that people are prepared to risk being made homeless when mortgage payment protection insurance can provide the necessary cover and only costs a few pounds a week.
Think About It...Please take just a minute to think of the effect losing your home would have on you and your family! If you haven't taken out Mortgage Payment Protection Insurance this could happen if you lose your income. Is it worth it? In reality this happens to thousands of families every year - having a devastating effect on their lives. Take a look at the statistics. Having your home repossessed for failing to make your mortgage payments unfortunately has another "side effect". It impairs your credit rating - preventing you from obtaining credit in the future.
Even if you have protected your monthly mortgage payments with mortgage protection cover, there are other bills, which would be affected. For example:
With this type of plan you can choose any benefit level up to 1.25 times your monthly mortgage payments. There is a normally a maximum of £2,500 a month or 75% of your salary, whichever is greater. This type of plan will usually allow you to select a benefit period of either 12 or 24 months.
Quote - For an instant online quote and to apply for Mortgage Payment Protection Insurance - click here.
It pays to protect yourself against any eventuality, and unemployment insurance can ensure that should you lose your job through accident, sickness, disability or redundancy, you can still receive an income. You may wish to have mortgage protection, or simply income protection against loss of earnings.
We offer you three methods to obtain a quote which are listed below. In addition to help simplify the selection procedure we split the plans into three groups:- we have :-
Access our full range of unemployment insurance quotes |
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Unemployment mortgage protection insurance |
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UK unemployment insurance (No mortgage Required) |
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Sometimes it pays to take advice if you want to know more about the benefits of each individual plan.
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