MORTGAGE INSURANCE

Comparing mortgage insurance rates

The table above speaks for itself, our mortgage insurance rates are continually better priced than all the high street lenders. The coverage is the same and we even offer the first three months of mortgage insurance cover totally free of charge. The main reason for our rates being so much cheaper is the extremely high commission rates paid by high street lenders (sometimes up to 80%).

Previously the only time you could purchase mortgage protection insurance was when you were taking out your mortgage. Now you can purchase it anytime during the mortgage term. when purchasing mortgage insurance form your lender you will find that it is not transferable to any other UK mortgage lender, whereas if you purchase one of our independant policies it will be fully portable between lenders.

Mortgage insurance overcharging

On average in the UK mortgage insurance borrowers are overcharged more than £6bn simply because most people do not shop around for a better price or are unaware that independant mortgage insurance companies such as the bapb can provide the same cover if not better at a much lower rate. All mortgage owners in the UK can literally save thousands of pounds on mortgage protection repayments by simply shopping around.

Back to Day One Mortgage Insurance Cover

This simply means that once a claim has been made and accepted the cover is back dated to the first day of sickness or unemployment. This is something most of the major high street lenders do not do.