More Insurance
“Your home may be repossessed if you do not keep up repayments on your mortgage”
This is an instantly recognisable phrase – but how often do we consider what it actually means?
If you break your leg and are unable to work your mortgage lender will still want to receive the monthly mortgage repayments. With very little help available from the state there are a number of ways of covering your mortgage payments if you fall ill, have an accident or lose your income.
With what appears to be ever increasing uncertainty in the UK economy and all that that could mean for employment, it is sensible for your own peace of mind that you make sure that you have taken adequate steps to protect the mortgage payments on your family's home.
The advice from the Financial Services Authority is clear, you should consider taking out mortgage mortgage payment protection insurance if;
- You are a permanent full time employee in good health and clearing
your mortgage is important to you if you should be made redundant,
fall ill or have an accident. or
- You have inadequate household income or savings to repay the mortgage
if you should be made redundant, fall ill or have an accident.
The More Group can provide cost effective mortgage payment protection policies that you might like to consider to protect you and your family's mortgage payments against unexpected unemployement, illness or accident.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON
A MORTGAGE
OR ANY OTHER DEBT SECURED ON IT
THE MORE GROUP MAY CHARGE A FEE OF UP TO 0.75% OF THE MORTGAGE AMOUNT ON COMPLETION OF THE LOAN, DEPENDING ON THE COMPLEXITY OF THE MORTGAGE YOUR REQUIRE. PLEASE ASK FOR A PERSONALISED ILLUSTRATION
THE MORE GROUP LTD IS AUTHORISED AND REGULATED BY THE FINANCIAL SERVICES
AUTHORITY
FSA FIRM REGULATION NUMBER:300817
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