Cheap mortgage protection - is it nothing more than a myth?
- 1ST AUGUST 2007
If you have been looking for cheap mortgage protection with the high street lender or your bank then you will be thinking that “cheap” is nothing more than just a myth. Mortgage protection when taken from the high street banks and lenders is notorious in the sector for being over priced. However the majority of consumers don’t even realise that they have a choice when it comes to buying the protection.
Most of the policies that are sold are purchased alongside the mortgage at the time the mortgage is taken out, this means that you are probably paying around 40% more than you need too than if you had gone to a standalone mortgage protection provider.
British Insurance are one such independent and standalone provider. They are backed by Simon Burgess who is well know for being ‘for’ the consumer not against them and who speaks his mind frequently on the subject of the high street lenders as tohow they monopolise the sector and “rip-off” the consumer.
Cheap mortgage protection is available from British Insurance and not only do you get it for probably the lowest quote possible online but also you are guaranteed of buying a high quality product.
Mortgage payment protection insurance (MPPI) is taken out to ensure that if you become unable to continue working due to an accident, long term sickness or unemployment then you will have a tax-free fixed amount of money each month which ensures that you can make your mortgage repayments as well as other associated costs.
The high street lender would like you to believe that cheap mortgage protection is nothing more than a myth; however British Insurance can promise you otherwise.
