In most cases your home is your most important financial asset. For many homeowners their worst fears are missed payments and the threat of repossession, which is why mortgage payment protection insurance is something that almost every homeowner should at least contemplate. There is no legal requirement to have mortgage payment protection insurance yet it provides borrowers with reassurance that in the event they are unable to work and lose their income due to an accident, sickness or unemployment / redundancy (ASU), their mortgage repayments can still be met for up to 12 months.
As a homeowner ask yourself...
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If I lost my job how would I pay the mortgage? |
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Could my partner bear the financial burden? |
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Do I have enough savings? |
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How long could we manage to pay the bills? |
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What support can my lender provide and is this sufficient? |
| Protection.uk.net is a trading name of First Call Payment Protection Ltd.
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