Do not risk losing your home - consider mortgage protection instead
- 22ND DECEMBER 2007
When sold correctly and bought from an independent specialist in payment protection, mortgage protection could give you peace of mind that your home would not be at risk of repossession if you were to come out of work through accident, sickness or unemployment.
Providing you are aware that there are exclusions in a policy - with the most common being if you are of retirement age, self-employed or suffering a pre-existing medical condition - then a policy can give you an income. The monthly tax free income would begin after being out of work for a set period of time which is defined in the policies small print and can be anywhere between the 31st and 90th day and continue between 12 and 24 months.
Standalone provider British Insurance offers mortgage protection backed by qualified sales staff that can save you up to 40% on the premiums and they offer the key facts so you can determine if a policy would be suitable for your needs. It is essential that you do read the small print and key facts of mortgage protection before taking out the cover as it is the lack of information regarding this insurance that has led to the majority of mis-selling.
With repossessions on the increase and a loss of faith in mortgage protection many homeowners are leaving themselves unnecessarily financially vulnerable. It had to be remembered that mortgage cover can work the way it was designed to work and it does not have to cost a fortune providing you stick with an independent provider for the cover. British Insurance are not only one of the cheapest specialist providers but also one of the most ethical who always puts the consumers best interests ahead of huge profits, you do have the choice of where to buy a policy so choose wisely.
