Is your mortgage covered, are your secure, are you paying over the odds? You may well be paying more than need to when it comes to your mortgage payment protection insurance.
Research has shown that alot of banks and mortgage lenders are charging over the odds for the cover you are getting due to being a captive market. Many independent sellers of mortgage payment protection can offer you up to £20 a month of your mortgage payment protection insurance.
What does it cover?
If you are sick, unemployed or in an accident that stops you working then your mortgage payment protection kicks in to cover the cost of your mortgage or rent.
Do i need mortgage payment protection?
Many people will find the peace of mind that is associated with mortgage payment protection is worth the monthly premium. On the other hand if you have savings that could cover your mortgage for a period of say 12 months or your partner could cover your earnings you may find that not paying the premiums would save you money in the long run.
In most cases mortgage payment protection insurance, is the right answer to keep you and your family safe and secure from spiralling debts when you are not receiving an income.
