Protect The Roof Over Your Head With Mortgage Payment Protection Cover

Protect the​ Roof Over Your Head With Mortgage Payment Protection Cover
Your monthly mortgage repayments will be the​ biggest outgoing that you​ have but have you​ ever given any thought as​ to​ how you​ would keep up the​ repayments if​ you​ were to​ come out of​ work due to​ accident,​ long term sickness or​ unemployment? Mortgage cover can be expensive but there is​ a​ way that you​ can protect the​ roof over your head and get cheap mortgage payment protection cover.
By taking out mortgage payment protection cover you​ will get a​ fixed monthly income which will allow you​ to​ make sure you​ can keep up with your mortgage repayments .​
The cover will usually pay out for up to​ 12-24 months after you​ have been out of​ work for a​ specified amount of​ time - this will usually be around 30 days or​ more depending on​ the​ policy .​
Mortgage payment protection cover can be costly,​ it​ all depends where you​ go for your quote .​
If you​ go with the​ protection offered by the​ high street lenders without first researching your options,​ then you​ will probably pay way over the​ odds for your cover .​
Shopping around and going with an​ independent provider is​ the​ only way to​ ensure that you​ get the​ cheapest premiums while getting an​ excellent product.

There has recently been a​ lot of​ bad press surrounding the​ mortgage payment protection sector and it​ is​ currently under investigation by the​ Government body,​ the​ Competition Commission .​
The main fault that has come about as​ a​ result of​ the​ investigation is​ that some providers - and in​ particular the​ high street banks and lenders - are raking in​ huge profits through selling over priced policies .​
Along with this,​ some lenders have been found to​ have mis-sold policies which has left those unfortunate enough not being able to​ claim on​ them when they have needed too .​
As a​ result of​ this there is​ expected to​ be a​ shake up of​ the​ way that mortgage payment protection insurance is​ sold .​
Without a​ doubt,​ if​ you​ want cheap mortgage payment protection then it​ is​ essential that you​ shop around and go with a​ standalone provider for your policy.

You Might Also Like:

Powered by Blogger.