About Mortgage Protection Insurance
A Mortgage Protection Insurance policy is designed to ensure that the family mortgage debt will be paid off in the event that you pass away. Serious illness cover can be included, and this provides peace of mind that the family home can be secured in the event that the main breadwinner finds themselves unable to service the mortgage payments due to a serious illness.
Anyone who takes out a mortgage to buy their own home is obliged by law to take out this type of policy, but many people are not aware that they are not required to purchase this insurance policy from their mortgage lender, and are in fact free to explore the option of more competitive and flexible quotes from a Financial Broker
More often than not we can provide you with a much broader suite of more affordable Mortgage Protection products that may better suit your requirements.
Should you choose to purchase your policy with us we can ensure that your mortgage protection insurance policy is transferrable to any new home you may buy in the future, unlike the policy from your mortgage lender which may be cancelled if you decide to move house in the future.
Additional Options Can Include
• Serious Illness Protection can be included in your policy
• A mortgage in joint names can include both people in the policy
If you have already purchased a Mortgage Protection Insurance policy from your lender and you feel you could have got a better deal then don’t hesitate to contact us for a review of the policy. We can advise you on the range of options available to make your policy more affordable and provide you with greater flexibility should you decide to move house in the future.
Quotation rates from product providers can also change dramatically from time to time so we may be able to get you a better deal.