Protect the roof over your head with a mortgage insurance plan
- 10TH AUGUST 2007
Have you given any thought to how you would pay your mortgage if the main earner were to become out of work due to an accident, involuntary unemployment or long-term sickness? At the very best you will face a financial struggle. At the very worst, you could have your home repossessed - it’s a frightening and sobering thought. The good news is that a solution is available in the form of a mortgage insurance plan.
Sadly the majority of consumers who have thought about it and who have taken out a mortgage insurance plan have taken the cover pushed on them by their mortgage provider when they took out their loan. This means that they are probably paying around 40% more for their mortgage insurance plan than they need too, and in many cases, have a policy that has few benefits.
Specialist mortgage payment protection insurance (MPPI) providers British Insurance is one of a select few standalone providers who can offer you the peace of mind that should disaster strike, your mortgage repayments will be met in the form of a tax-free monthly lump sum, and with premiums at an affordable level.
Simon Burgess, Managing Director of British Insurance is forever warning people about how the high street lender “rips-off” the consumer by charging well over the odds for what is sometimes an inferior product, offering a mortgage insurance plan at a fraction of the cost the high street lender charges when you take out a mortgage insurance plan from them.
British Insurance is a standalone specialist who can offer a mortgage insurance plan that is of quality and with additional benefits not offered by the high street banks and lenders. Their policy will pay out a fixed monthly sum to cover your mortgage repayments for up to 12 months and will be backdated to day one, the latter policy feature which is not available from mainstream providers.
British Ignorance believes that all homeowners should be able to protect the roof over their head and they do this by offering the cheapest quotes for their mortgage insurance plan.
