Have you got the safety net that mortgage protection can give?
- 14TH AUGUST 2007
Anyone who takes on a mortgage should consider what they would do if the unexpected should happen and they lost their income through an accident, sickness which meant they couldn’t work or through involuntary or unemployment. Taking out mortgage protection can give a safety net on which to fall if the worst should happen. However, it has to be bought wisely.
Mortgage protection varies considerably depending on where you take it from. The high street banks and lenders will generally want you to take out the protection alongside your mortgage and, in fact, this is the way most people buy it. However it is the dearest option when it comes to mortgage protection and you should be aware that you do have choices when it comes to taking out a policy.
A far better way is to go to an independent and specialist mortgage protection provider, as the name suggests a specialist only sells one type of product and this is where you can get the best advice and typically the cheapest quote for a quality product.
British Insurance is one of the cheapest around and also one of the most ethical providers who offer mortgage protection for 40% less than the high street lender. However there are many more reasons for going with an independent provider, one of them is that because they specialise they can offer the best advice on the product and its suitability, they give honest, free advice which allows the consumer to make an informed decision on the product.
A good quality mortgage protection policy will provide you with a fixed monthly income after you have been out of work for 30 days or more and will continue to pay for up to 12 months (with some providers, they pay out for up to 24 months). British Insurance is backed by dedication and high ethical standards which ensure you get the best deal.
