Mortgage insurance
Protecting your ability to pay your properties mortgage is the role of our mortgage insurance. The policy pays up to between £1500 and £2000, or not more than between 60% and 75% of your gross annual salary, dependant on the policy chosen. The cover applies in cases of accident sickness or unemployment.
As well as covering your mortgage repayments the policy can be used to cover rent, protect loan repayments and as a stand alone income protector.
The period of cover is for 12 months and costs between £2.60 and £4.95 per one hundred pounds of cover. A requirement of six months continuous employment will need to be adhered to with no knowledge of impending unemployment.
Mortgage insurance can be taken out by any one between the age of 18 and 65 and pre-existing medical conditions are excluded.
