Payment Protection

For most people the cost of their monthly mortgage payment is their biggest expense. It is the payment that allows them to keep a roof over the head of their family.

It can very often also be their biggest worry during periods where they are unable to work through a short term illness or injury, or during periods of unemployment.

This is where Mortgage Payment Protection Insurance comes in. It is designed to pay a monthly figure that can cover the cost of your mortgage payment plus other associated costs such as insurances. The payment can continue for 12 months or your return to work, if earlier. Some providers may pay benefits for up to 24 months.



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