Buying Mortgage Payment Protection
Buying mortgage protection insurance is very possible as a stand-alone product, or as an option within a lifestyle protection policy. This lifestyle protection insurance can be used as mortgage protection insurance but as it is new and so preferential with £3000 maximum cover up to 90% of your net income it is not immediately available over the internet. However simply complete the form on the how to apply page (see Apply button) and one of our agents will contact you back with full details of the policy and a comprehensive quote and you can join the scheme today.
If you have any doubt about any mortgage protection insurance you should seek advice from an independent financial adviser. Mortgage protection policies are often available from mortgage lenders themselves but rules apply preventing sale of a policy on the same occasion the mortgage is arranged. Many lenders however have withdrawn from the mortgage payment protection insurance market due to the adverse publicity received through miss-selling and over charging.
Mortgage protection insurance policies provided by standalone providers have lead the way in quality of cover and value for money achieved in chief by taking lower commissions themselves. If buying mortgage protection insurance from a standalone insurance provider always ensure they are authorised and regulated by the Financial Service Authority or like Monster Insurance are Authorised Representatives of an authorised and regulated provider. Always read the policy terms and conditions because you are ultimately responsible for ensuring the insurance is right for you.
