Where can you find mortgage repayment insurance?
Mortgage repayment insurance will protect your monthly mortgage payments from a period of unemployment due to incapacity or redundancy. Mortgage repayment insurance can be obtained from a variety of sources including your mortgage lender.
Mortgage payment protection insurance or MPPI is rarely good value if bought from your mortgage lender. Whilst the MPPI policy might provide a good level of cover the premiums are not generally competitive.
Buying mortgage repayment insurance from an independent company will give you greater choice of cover and premiums. It also has the added advantage that your mortgage insurance policy is not tied to your lender. These independent mortgage repayment insurance policies compete on price and cover and so need to have excellent overall benefits for you. They also do not include huge commissions that the mortgage companies demand.
Mortgage repayment insurance policies provide a tax free monthly benefit when you claim, a lifeline when your income stops due to sickness or unemployment. For more details on the Mortgage repayment insurance we offer please visit our MPPI insurance page here: http://enhancedwealth.co.uk/asu/mppi/index.htm