Mortgage Protection Insurance
Our support doesn’t stop once you get the keys to your new home. We're here to help you protect it for you and your loved ones! With our Mortgage Protection Insurance*, you can sit back and relax knowing that if life throws you a curveball, your mortgage payments could be covered.
Mortgage Protection Insurance
Our support doesn’t stop once you get the keys to your new home. We're here to help you protect it for you and your loved ones! With our Mortgage Protection Insurance*, you can sit back and relax knowing that if life throws you a curveball, your mortgage payments could be covered.
Tailored Protection
Mortgage Protection Insurance* with your name on it. Find the perfect coverage for your one-of-a-kind situation!
The Right Cover
Make sure you grab the ideal coverage for your one-of-a-kind needs. Find the mortgage protection insurance* that’s a perfect match for you!
Claim From Day One
No need to stress about waiting to claim. Our team’s got the paperwork covered, so you can start claiming from day one—easy peasy!
Do I Need Mortgage Protection?
Worried about keeping up with your mortgage payments, especially if you’re self-employed or lacking sickness? Mortgage protection insurance* could be your new best friend. Think of it as your safety net for those “oops” moments when paying the monthly bills feels like a stretch. It’s all about keeping your home safe and making sure you don’t default on your mortgage.
*Mortgage Protection Insurance consists of Critical Illness Cover, Income Protection Insurance, and Mortgage Life Insurance.
Want a Free Protection Review?
Our mortgage protection advisors are ready to help you find the perfect cover. Whether your financial situation has had a shake-up or you just want to make sure your loved ones are taken care of, our insurance can give you peace of mind by covering your mortgage payments. Want to know more or ready to grab a quote? Our advisors are all ears!
Frequently Asked Questions
Want a speedy answer? Check out our frequently asked questions below and get the info you need in a flash!
Mortgage payment protection insurance (MPPI) serves as a form of income protection, safeguarding against the risk of being unable to meet your mortgage obligations. In the event of involuntary unemployment or incapacitation due to a severe injury or illness, MPPI steps in to cover your monthly mortgage payments, provided they do not surpass 65% of your gross monthly income.
In the event of a claim, MPPI may provide a predetermined monthly sum. This sum can suffice to cover your mortgage expenses entirely, or alternatively, you have the option to select a policy that disburses 125% of your mortgage expenses, offering additional assistance in managing other financial obligations.
Typically, most mortgage insurance policies offer coverage for a period of up to 12 months or until your return to employment, whichever occurs earlier.
If circumstances prevent you from working and your policy covers such situations, you are entitled to make a claim. The payout will vary depending on the type of mortgage protection cover you select. You have the flexibility to determine the monthly payout amount for your policy.
You might choose to only cover your mortgage expenses. However, some providers offer the option to increase the payout by an additional 25% to account for bills and miscellaneous costs. Typically, providers establish maximum limits ranging from £1,500 to £2,000 per month.
Opting for a longer deferment period can result in lower premiums. Nevertheless, it's crucial not to strain your finances excessively during the income hiatus.
Various tiers of mortgage payment protection insurance are accessible, contingent upon the extent of coverage you seek:
Accident and Sickness: This option safeguards your mortgage repayments in the event of incapacitation due to severe illness or injury.
Unemployment: Designed to provide financial assistance for your mortgage payments if you experience job loss due to redundancy. Not applicable for accident and sickness situations.
Accident, Sickness, and Unemployment: Offering the most extensive protection, this cover shields against both job loss and inability to work due to serious illness or injury.
The premium you pay is determined by individual factors such as age, occupation, income, and mortgage commitments. Occupations involving manual labour, for instance, typically incur higher premiums due to the heightened risk of injury compared to desk-based roles.
Mortgage Payment Protection Insurance (MPPI) extends coverage to self-employed and contract workers, alongside employed individuals. However, there may be certain exclusions to be mindful of.
Like all forms of insurance, there are specific exclusions to consider when purchasing a mortgage payment protection policy. These commonly include:
Voluntary redundancy
Prior awareness of the risk of redundancy
Dismissal from employment
Pre-existing medical conditions
Stress or back-related injuries and illnesses (unless stringent criteria are met)
Self-inflicted injuries
For self-employed individuals, claiming for unemployment is improbable. This is because they are responsible for securing their own employment and are not reliant on an employer.
It's imperative to thoroughly review the policy terms to understand what is covered and what is excluded before obtaining mortgage protection.
It's not always the case. If you anticipate receiving a substantial redundancy settlement or your employer offers generous sick pay, you might find yourself not requiring it. Additionally, your health insurance plan, if applicable, might provide coverage, so it's wise to verify this beforehand.
Similarly, you may not find mortgage protection necessary if you qualify for government assistance that assists with mortgage payments. However, it's important to note that these Support for Mortgage Interest (SMI) benefits only cover the interest portion of your mortgage.
It's worth considering that there could be a waiting period of up to 39 weeks before receiving the initial SMI payment, depending on your circumstances. Furthermore, these benefits are essentially a loan that must be repaid when you sell your property.
Mortgage safeguarding and payment safeguarding are two forms of insurance aimed at safeguarding a particular debt. However, their similarities cease there.
Mortgage safeguarding insurance is tailored to protect your mortgage, with payouts directed straight to you. On the other hand, payment safeguarding covers unsecured financial commitments, with payouts directed to the lender rather than to you.
Frequently Asked Questions
Want a speedy answer? Check out our frequently asked questions below and get the info you need in a flash!
Mortgage payment protection insurance (MPPI) serves as a form of income protection, safeguarding against the risk of being unable to meet your mortgage obligations. In the event of involuntary unemployment or incapacitation due to a severe injury or illness, MPPI steps in to cover your monthly mortgage payments, provided they do not surpass 65% of your gross monthly income.
In the event of a claim, MPPI may provide a predetermined monthly sum. This sum can suffice to cover your mortgage expenses entirely, or alternatively, you have the option to select a policy that disburses 125% of your mortgage expenses, offering additional assistance in managing other financial obligations.
Typically, most mortgage insurance policies offer coverage for a period of up to 12 months or until your return to employment, whichever occurs earlier.
If circumstances prevent you from working and your policy covers such situations, you are entitled to make a claim. The payout will vary depending on the type of mortgage protection cover you select. You have the flexibility to determine the monthly payout amount for your policy.
You might choose to only cover your mortgage expenses. However, some providers offer the option to increase the payout by an additional 25% to account for bills and miscellaneous costs. Typically, providers establish maximum limits ranging from £1,500 to £2,000 per month.
Opting for a longer deferment period can result in lower premiums. Nevertheless, it's crucial not to strain your finances excessively during the income hiatus.
Various tiers of mortgage payment protection insurance are accessible, contingent upon the extent of coverage you seek:
Accident and Sickness: This option safeguards your mortgage repayments in the event of incapacitation due to severe illness or injury.
Unemployment: Designed to provide financial assistance for your mortgage payments if you experience job loss due to redundancy. Not applicable for accident and sickness situations.
Accident, Sickness, and Unemployment: Offering the most extensive protection, this cover shields against both job loss and inability to work due to serious illness or injury.
The premium you pay is determined by individual factors such as age, occupation, income, and mortgage commitments. Occupations involving manual labour, for instance, typically incur higher premiums due to the heightened risk of injury compared to desk-based roles.
Mortgage Payment Protection Insurance (MPPI) extends coverage to self-employed and contract workers, alongside employed individuals. However, there may be certain exclusions to be mindful of.
Like all forms of insurance, there are specific exclusions to consider when purchasing a mortgage payment protection policy. These commonly include:
Voluntary redundancy
Prior awareness of the risk of redundancy
Dismissal from employment
Pre-existing medical conditions
Stress or back-related injuries and illnesses (unless stringent criteria are met)
Self-inflicted injuries
For self-employed individuals, claiming for unemployment is improbable. This is because they are responsible for securing their own employment and are not reliant on an employer.
It's imperative to thoroughly review the policy terms to understand what is covered and what is excluded before obtaining mortgage protection.
It's not always the case. If you anticipate receiving a substantial redundancy settlement or your employer offers generous sick pay, you might find yourself not requiring it. Additionally, your health insurance plan, if applicable, might provide coverage, so it's wise to verify this beforehand.
Similarly, you may not find mortgage protection necessary if you qualify for government assistance that assists with mortgage payments. However, it's important to note that these Support for Mortgage Interest (SMI) benefits only cover the interest portion of your mortgage.
It's worth considering that there could be a waiting period of up to 39 weeks before receiving the initial SMI payment, depending on your circumstances. Furthermore, these benefits are essentially a loan that must be repaid when you sell your property.
Mortgage safeguarding and payment safeguarding are two forms of insurance aimed at safeguarding a particular debt. However, their similarities cease there.
Mortgage safeguarding insurance is tailored to protect your mortgage, with payouts directed straight to you. On the other hand, payment safeguarding covers unsecured financial commitments, with payouts directed to the lender rather than to you.
All Our Insurance Guides
Thinking about protecting your mortgage? Life insurance, contents insurance, or just need a bit of insurance advice? Look no further—grab your free online mortgage advice right here!
Life insurance provides either a lump sum or periodic payments to your dependents upon your death, providing them with financial assistance after your passing.
Home contents insurance provides coverage for your possessions, regardless of whether you rent or own your home.
Landlord insurance, commonly known as buy-to-let insurance, is a specialised insurance product designed for individuals who lease their properties to tenants.
Ensuring the safety of your residence and its contents, home insurance provides coverage for repairing your home or replacing lost items in the event of an unforeseen incident.
Critical illness cover provides financial assistance in the event of a diagnosis of any of the conditions specified within the policy.
Income protection insurance provides a substitute income in instances where you are unable to work, typically because of illness or injury. Various categories of income protection insurance are available, catering to both short and long-term coverage needs.
Some of our Lenders
Mortgage Protection Insurance
Our support doesn’t stop once you get the keys to your new home. We're here to help you protect it for you and your loved ones! With our Mortgage Protection Insurance*, you can sit back and relax knowing that if life throws you a curveball, your mortgage payments could be covered.
Mortgage Protection Insurance
Our support doesn’t stop once you get the keys to your new home. We're here to help you protect it for you and your loved ones! With our Mortgage Protection Insurance*, you can sit back and relax knowing that if life throws you a curveball, your mortgage payments could be covered.
Tailored Protection
Mortgage Protection Insurance* with your name on it. Find the perfect coverage for your one-of-a-kind situation!
The Right Cover
Make sure you grab the ideal coverage for your one-of-a-kind needs. Find the mortgage protection insurance* that’s a perfect match for you!
Claim From Day One
No need to stress about waiting to claim. Our team’s got the paperwork covered, so you can start claiming from day one—easy peasy!
Do I Need Mortgage Protection?
Worried about keeping up with your mortgage payments, especially if you’re self-employed or lacking sickness? Mortgage protection insurance* could be your new best friend. Think of it as your safety net for those “oops” moments when paying the monthly bills feels like a stretch. It’s all about keeping your home safe and making sure you don’t default on your mortgage.
*Mortgage Protection Insurance consists of Critical Illness Cover, Income Protection Insurance, and Mortgage Life Insurance.
Want a Free Protection Review?
Our mortgage protection advisors are ready to help you find the perfect cover. Whether your financial situation has had a shake-up or you just want to make sure your loved ones are taken care of, our insurance can give you peace of mind by covering your mortgage payments. Want to know more or ready to grab a quote? Our advisors are all ears!
Frequently Asked Questions
Want a speedy answer? Check out our frequently asked questions below and get the info you need in a flash!
Mortgage payment protection insurance (MPPI) serves as a form of income protection, safeguarding against the risk of being unable to meet your mortgage obligations. In the event of involuntary unemployment or incapacitation due to a severe injury or illness, MPPI steps in to cover your monthly mortgage payments, provided they do not surpass 65% of your gross monthly income.
In the event of a claim, MPPI may provide a predetermined monthly sum. This sum can suffice to cover your mortgage expenses entirely, or alternatively, you have the option to select a policy that disburses 125% of your mortgage expenses, offering additional assistance in managing other financial obligations.
Typically, most mortgage insurance policies offer coverage for a period of up to 12 months or until your return to employment, whichever occurs earlier.
If circumstances prevent you from working and your policy covers such situations, you are entitled to make a claim. The payout will vary depending on the type of mortgage protection cover you select. You have the flexibility to determine the monthly payout amount for your policy.
You might choose to only cover your mortgage expenses. However, some providers offer the option to increase the payout by an additional 25% to account for bills and miscellaneous costs. Typically, providers establish maximum limits ranging from £1,500 to £2,000 per month.
Opting for a longer deferment period can result in lower premiums. Nevertheless, it's crucial not to strain your finances excessively during the income hiatus.
Various tiers of mortgage payment protection insurance are accessible, contingent upon the extent of coverage you seek:
Accident and Sickness: This option safeguards your mortgage repayments in the event of incapacitation due to severe illness or injury.
Unemployment: Designed to provide financial assistance for your mortgage payments if you experience job loss due to redundancy. Not applicable for accident and sickness situations.
Accident, Sickness, and Unemployment: Offering the most extensive protection, this cover shields against both job loss and inability to work due to serious illness or injury.
The premium you pay is determined by individual factors such as age, occupation, income, and mortgage commitments. Occupations involving manual labour, for instance, typically incur higher premiums due to the heightened risk of injury compared to desk-based roles.
Mortgage Payment Protection Insurance (MPPI) extends coverage to self-employed and contract workers, alongside employed individuals. However, there may be certain exclusions to be mindful of.
Like all forms of insurance, there are specific exclusions to consider when purchasing a mortgage payment protection policy. These commonly include:
Voluntary redundancy
Prior awareness of the risk of redundancy
Dismissal from employment
Pre-existing medical conditions
Stress or back-related injuries and illnesses (unless stringent criteria are met)
Self-inflicted injuries
For self-employed individuals, claiming for unemployment is improbable. This is because they are responsible for securing their own employment and are not reliant on an employer.
It's imperative to thoroughly review the policy terms to understand what is covered and what is excluded before obtaining mortgage protection.
It's not always the case. If you anticipate receiving a substantial redundancy settlement or your employer offers generous sick pay, you might find yourself not requiring it. Additionally, your health insurance plan, if applicable, might provide coverage, so it's wise to verify this beforehand.
Similarly, you may not find mortgage protection necessary if you qualify for government assistance that assists with mortgage payments. However, it's important to note that these Support for Mortgage Interest (SMI) benefits only cover the interest portion of your mortgage.
It's worth considering that there could be a waiting period of up to 39 weeks before receiving the initial SMI payment, depending on your circumstances. Furthermore, these benefits are essentially a loan that must be repaid when you sell your property.
Mortgage safeguarding and payment safeguarding are two forms of insurance aimed at safeguarding a particular debt. However, their similarities cease there.
Mortgage safeguarding insurance is tailored to protect your mortgage, with payouts directed straight to you. On the other hand, payment safeguarding covers unsecured financial commitments, with payouts directed to the lender rather than to you.
Frequently Asked Questions
Want a speedy answer? Check out our frequently asked questions below and get the info you need in a flash!
Mortgage payment protection insurance (MPPI) serves as a form of income protection, safeguarding against the risk of being unable to meet your mortgage obligations. In the event of involuntary unemployment or incapacitation due to a severe injury or illness, MPPI steps in to cover your monthly mortgage payments, provided they do not surpass 65% of your gross monthly income.
In the event of a claim, MPPI may provide a predetermined monthly sum. This sum can suffice to cover your mortgage expenses entirely, or alternatively, you have the option to select a policy that disburses 125% of your mortgage expenses, offering additional assistance in managing other financial obligations.
Typically, most mortgage insurance policies offer coverage for a period of up to 12 months or until your return to employment, whichever occurs earlier.
If circumstances prevent you from working and your policy covers such situations, you are entitled to make a claim. The payout will vary depending on the type of mortgage protection cover you select. You have the flexibility to determine the monthly payout amount for your policy.
You might choose to only cover your mortgage expenses. However, some providers offer the option to increase the payout by an additional 25% to account for bills and miscellaneous costs. Typically, providers establish maximum limits ranging from £1,500 to £2,000 per month.
Opting for a longer deferment period can result in lower premiums. Nevertheless, it's crucial not to strain your finances excessively during the income hiatus.
Various tiers of mortgage payment protection insurance are accessible, contingent upon the extent of coverage you seek:
Accident and Sickness: This option safeguards your mortgage repayments in the event of incapacitation due to severe illness or injury.
Unemployment: Designed to provide financial assistance for your mortgage payments if you experience job loss due to redundancy. Not applicable for accident and sickness situations.
Accident, Sickness, and Unemployment: Offering the most extensive protection, this cover shields against both job loss and inability to work due to serious illness or injury.
The premium you pay is determined by individual factors such as age, occupation, income, and mortgage commitments. Occupations involving manual labour, for instance, typically incur higher premiums due to the heightened risk of injury compared to desk-based roles.
Mortgage Payment Protection Insurance (MPPI) extends coverage to self-employed and contract workers, alongside employed individuals. However, there may be certain exclusions to be mindful of.
Like all forms of insurance, there are specific exclusions to consider when purchasing a mortgage payment protection policy. These commonly include:
Voluntary redundancy
Prior awareness of the risk of redundancy
Dismissal from employment
Pre-existing medical conditions
Stress or back-related injuries and illnesses (unless stringent criteria are met)
Self-inflicted injuries
For self-employed individuals, claiming for unemployment is improbable. This is because they are responsible for securing their own employment and are not reliant on an employer.
It's imperative to thoroughly review the policy terms to understand what is covered and what is excluded before obtaining mortgage protection.
It's not always the case. If you anticipate receiving a substantial redundancy settlement or your employer offers generous sick pay, you might find yourself not requiring it. Additionally, your health insurance plan, if applicable, might provide coverage, so it's wise to verify this beforehand.
Similarly, you may not find mortgage protection necessary if you qualify for government assistance that assists with mortgage payments. However, it's important to note that these Support for Mortgage Interest (SMI) benefits only cover the interest portion of your mortgage.
It's worth considering that there could be a waiting period of up to 39 weeks before receiving the initial SMI payment, depending on your circumstances. Furthermore, these benefits are essentially a loan that must be repaid when you sell your property.
Mortgage safeguarding and payment safeguarding are two forms of insurance aimed at safeguarding a particular debt. However, their similarities cease there.
Mortgage safeguarding insurance is tailored to protect your mortgage, with payouts directed straight to you. On the other hand, payment safeguarding covers unsecured financial commitments, with payouts directed to the lender rather than to you.
All Our Insurance Guides
Thinking about protecting your mortgage? Life insurance, contents insurance, or just need a bit of insurance advice? Look no further—grab your free online mortgage advice right here!
Life insurance provides either a lump sum or periodic payments to your dependents upon your death, providing them with financial assistance after your passing.
Home contents insurance provides coverage for your possessions, regardless of whether you rent or own your home.
Landlord insurance, commonly known as buy-to-let insurance, is a specialised insurance product designed for individuals who lease their properties to tenants.
Ensuring the safety of your residence and its contents, home insurance provides coverage for repairing your home or replacing lost items in the event of an unforeseen incident.
Critical illness cover provides financial assistance in the event of a diagnosis of any of the conditions specified within the policy.
Income protection insurance provides a substitute income in instances where you are unable to work, typically because of illness or injury. Various categories of income protection insurance are available, catering to both short and long-term coverage needs.
Some of our Lenders
