Mortgage Protection
Accident, Sickness and Unemployment - Mortgage Protection
This will cover your mortgage payments if you are unable to work due to illness, sickness or unemployment.
There are a variety of options available, you may want cover only for unemployment if your company offers sick pay.
Most policies have an exclusion period of between 30 and 60 days before you can claim and you usually have to continue to pay premiums while you are claiming.
Think carefully before securing other debts against your home.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The overall cost for comparison is 7.1% APR. The actual rate available will depend upon your circumstances. Ask for a personalised illustration. There may be a fee for the mortgage advice. The precise amount will depend on your circumstances, but we estimate it will be 1.5% of the loan amount with a minimum fee of £500 added on to the loan.
Mayfair Consulting Limited is an Appointed Representative of The Mortgage Times Group Limited, 279 Tottenham Court Road, London , W1T 7RJ , which is authorised and regulated by the Financial Services Authority no. 303007.
