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Mortgage Protection
A Mortgage protection
policy is a pure life insurance policy with a decreasing sum assured
designed to protect the remaining outstanding capital of a repayment
mortgage In other words, it's decreasing term insurance.
Put another way, if your were to die, the lender would like to know that
you have an insurance policy in place which will be used to immediately
pay off your mortgage debt. That's very handy for them and sensible for
you if you're leaving a partner and/or family behind who want to
continue living in the property but perhaps wont be in a position to
afford the mortgage repayments without you.
You will not need a separate insurance policy with an endowment
mortgage, as the life cover already is built in.
We don't like to dwell on the worst things in life. Which is why we've
designed a straightforward Mortgage Protection Plan to cover your family
if you die or become terminally ill (before the last year of the
selected term).
This policy is known as "decreasing term assurance". The amount of
benefit decreases each year as the amount owed on the repayment mortgage
decreases. This means you are insured for a set period of time (in this
case the term of the mortgage). If you live beyond this, you will not
receive a pay out.
Get a Free No Obligation Quote Below
Second
Mortgage Loan uk
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Our Difference?
Plans for the self employed who
have no proof of income.
We cater to those who have mortgage arrears and may have
defaulted on there payments. ccj's are not a problem either!
Privacy and confidentiality guaranteed
get your free no obligation quote today.
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Loan Rates
Mortgages and
remortgages
from
4.75%
loans from
7.9%!
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Loans For Any
Purpose
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Improvement or to start a new business!
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