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If you were to be made redundant then you would still have to meet your essential outgoings such as your loan repayments, mortgage repayments and the cost of everyday living. If you want to insure against this possibility then you can take out redundancy insurance in the form of loan payment protection, mortgage payment protection … Read more
Redundancy insurance is also known as ASU insurance or payment protection insurance and can be taken out if you have monthly loan repayments, credit card or mortgage repayments to make each month. Providing you are working full time and are aware of the exclusions which are in all policies, then redundancy cover could be a … Read more
UK mortgage payment protection insurance is one of the best things to happen to the mortgage industry in the last few years. However, high street banks and lenders recognised an opportunity to make a profit when they saw one, and this often clouds the general public’s judgement of the product. Many dismiss UK mortgage payment … Read more
Unless you don’t read the finance sections of the newspaper, you will no doubt be familiar with payment protection insurance – or PPI for short. Unfortunately, payment protection insurance which is an umbrella term for income, loan and mortgage payment protection policies – has featured very prominently in the media recently. And all for the … Read more
When you’ve taken out a mortgage you’ve make a long-term commitment to maintain the monthly repayments for the full duration of the mortgage. That’s going to be over many years but you’re making that commitment without the benefit of a crystal ball no one knows how your circumstances are going to change, for good or … Read more
Mortgage payment protection insurance is taken out in order to safeguard the possibility that you could come out of work due to an accident, long term illness or through unforeseen unemployment. The cover will usually pay out for up to a period of 12 months (with some policies, it will be for up to 24 … Read more
If you were to find yourself out of work after suffering from an accident, were to become ill or become unemployed then life could get extremely hard and you could be at risk of losing your home if you cannot keep up with the mortgage repayments. However, the solution to this financial nightmare is mortgage … Read more
When homeowners think of insurance, mortgage payment protection insurance (MPPI) is usually one of the last they think of, if they actually think of it at all. Although most homeowners believe it of paramount importance to protect their personal belongings and the structure of their home, especially in the wake of the recent flooding around … Read more
A mortgage is often the single biggest financial commitment that many people make during their lifetime, yet fewer than half of all residential mortgage holders choose to take on protection of their mortgage repayment ability with mortgage protection insurance. Mortgage protection insurance, or mortgage payment protection insurance, is a form of insurance that ensures mortgage … Read more
Getting a mortgage is bad enough what with terms like fixed rate, discount, variable etc so mention mortgage insurance and naturally your eyes will start to glaze over. However, mortgage insurance is an extremely important insurance to have in fact, it can the difference between keeping a roof over your head or ending up having … Read more