[OpenAFS] Mark Tiernan, Cheap Mortgage Insurance: Offering You Peace Of Mind

Mon, 7 Jan 2008 11:27:07 +0200

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Mark Tiernan, Cheap Mortgage Insurance: Offering You Peace Of Mind

There can be no worse feeling than staring the prospect of losing your home
directly in the face. This is the reality faced by many individuals in the
UK every day, and yet it is easily preventable with cheap mortgage
insurance. Far less people protect their mortgages with cheap mortgage
insurance when they are initially approved for their mortgage because they
perceive mortgage payment protection insurance as redundant. However, it is
the ?what ifs? in life that can cause us the most problems.

If the main wage earner in a household is suddenly struck down by a severe
or long-term illness or is made involuntarily redundant then the likelihood
is that the household would be unable to make mortgage repayments, let alone
pay related bills, for a period of time. This could ultimately result in an
individual or family losing the home that they had invested everything in up
until that point.

However, cheap mortgage insurance would cover mortgage repayments and pay
related bills for a period of up to twelve-twenty-four months and thus
remove the financial stress out of an overwhelming situation.

Mortgage payment protection has been tarred with a bad reputation in recent
months as a result of an ongoing investigation into payment protection
insurance by the Financial Services Authority and the subsequent referral to
the Competition Commission. This may have put first time buyers off
purchasing the protection.

However, the simple fact that mortgage cover can give a homeowner such peace
of mind should not be ignored, especially when standalone providers can
offer cheap mortgage insurance that does the same job as high street
provider mortgage cover.

Cheap mortgage insurance can offer an affordable monthly premium that will
not harm a household?s incomings and outgoings, but will help to prevent
panic and stress if the worst does happen. We always hope that everything
will go smoothly, but cheap mortgage insurance can help to reduce the level
of stress if it does.

 Simon Burgess is Managing Director of the award-winning British Insurance
(), a specialist provider of low cost income payment protection insurance
(PPI), mortgage payment protection insurance (MPPI) and loan payment
protection insurance.

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Mark Tiernan, Cheap Mortgage Insurance: Offering You Peace Of Mind There can be no worse feeling than staring the prospect of losing
your home directly in the face. This is the reality faced by many
individuals in the UK every day, and yet it is easily preventable with
cheap mortgage insurance. Far less people protect their mortgages with
cheap mortgage insurance when they are initially approved for their
mortgage because they perceive mortgage payment protection insurance as
redundant. However, it is the ?what ifs? in life that can cause us the
most problems. 
If the main wage earner in a household is suddenly struck down by a
severe or long-term illness or is made involuntarily redundant then the
likelihood is that the household would be unable to make mortgage
repayments, let alone pay related bills, for a period of time. This
could ultimately result in an individual or family losing the home that
they had invested everything in up until that point. 
However, cheap mortgage insurance would cover mortgage repayments and
pay related bills for a period of up to twelve-twenty-four months and
thus remove the financial stress out of an overwhelming situation. 
Mortgage payment protection has been tarred with a bad reputation in
recent months as a result of an ongoing investigation into payment
protection insurance by the Financial Services Authority and the
subsequent referral to the Competition Commission. This may have put
first time buyers off purchasing the protection. 
However, the simple fact that mortgage cover can give a homeowner such
peace of mind should not be ignored, especially when standalone
providers can offer cheap mortgage insurance that does the same job as
high street provider mortgage cover. 
Cheap mortgage insurance can offer an affordable monthly premium that
will not harm a household?s incomings and outgoings, but will help to
prevent panic and stress if the worst does happen. We always hope that
everything will go smoothly, but cheap mortgage insurance can help to
reduce the level of stress if it does. 

Simon Burgess is Managing Director of the award-winning British Insurance (),
a specialist provider of low cost income payment protection insurance
(PPI), mortgage payment protection insurance (MPPI) and loan payment
protection insurance.

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