Mortgage Payment Protection

Your mortgage is likely to be your biggest commitment in terms of the amount you owe and the monthly repayment.

As long as you are always able to make your monthly payments then you will be able to repay the mortgage while maintaining a healthy credit file.

If you were unable to make your payments due to illness or unemployment then this could have a detrimental effect on your relationship with the lender and your ability to obtain credit in the future.

In order to protect against this you can arrange a mortgage payment protection policy which will allow you to continue to pay your mortgage even if you lose all or part of your income due to illness or unemployment.

You can chose whether you want to protect against illness only, unemployment only or both together. You will receive a payment equivalent to your monthly payment and possibly a set amount extra which will allow you to pay your mortgage and associated insurances.

Typically you will start to receive the payments after the first month and these will continue to be paid for up to twelve months if you do not return to work during this period.

For more information and to request your free, no obligation consultation with one of our qualified, experienced mortgage advisers, please contact us using the quick enquiry form below.