Payment Protection Insurance - Grovelawn Financial Services
Tel: 0845 458 2633
Insurance
Our Broker's Best Residential Deal
Cheltenham & Gloucester
Remortgage
4.74% - 2 year tracker
SVR 7.75 - APR 7.70
Payment Protection Insurance
To most people taking out a mortgage is the biggest financial commitment they ever make. There are a number of ways that you can protect your family should you be unable to make the mortgage payments whether this is caused by death or if you lose your job, fall ill or have an accident, and lose your income.
To protect your mortgage against death see our page on Life Insurance where you can choose between level term and decreasing term insurance. But if you want to consider protecting against the following eventualities such as the loss of your job, fall ill or have an accident, which may mean you lose your income and are then unable to make your mortgage payments then Mortgage Payment Protection Insurance (MPPI) might be an option in protecting your loan by enabling you to still meet your mortgage repayments.
Some of the key benefits of Mortgage Protector
- Cover starts from just £3 a month
- Up to 6 months cover Free
- Monthly benefit up to £3000, subject to a maximum of 75% of gross monthly income
- Tailored to meet your needs
- Available to Government Shared Ownerships and Homebuy schemes customers
- Defaqto Five Star rating for Mortgage Protector
- Award winning – year after year this provider has been named Best Provider of MPPI by Mortgage Introducer
- Underwritten by Norwich Union and Das Legal
MPPI can be bought as a stand-alone product from any provider at any time and the policy will cover any bills related to your mortgage - including interest and the capital repayment. There are policies that can cover you if you are out of work through redundancy only or you can combine cover to include illness cover also. Typically policies pay out for 12-24 months and will normally start to pay one month after you are out of work (either through illness or redundancy). It is expected that within the period of 12-24 months that you would have found other employment or recovered from the illness.
We would be happy to give you free advice on Mortgage Payment Protection Insurance
Get a quote in minutes from one of our specialist mortgage protection advisors on 0845 458 2633.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
This site is intended for UK residents only. The overall cost for mortgages for comparison is % APR.
The actual rate will depend on your circumstances. APR variable and based on a usual case.
Grovelawn Financial is a trading name of Grovelawn Limited, which is authorised and regulated by the Financial Services Authority.
Grovelawn Limited is Registered in England & Wales number 5030300. Registered Address: 98 Station Road, Sidcup, Kent, DA15 7BY.
Entered on the Financial Services Authority's Register — Register Number: 314204 — Consumer Credit Licence Number: 573287
The Financial Services Authority (FSA) do not regulate some types of buy to let, commercial, overseas mortgages, tax advice and credit or loans not secured on property.