Isnare Free Articles
Authors Contents [Add OpenSearch]
Distribute your articles to more than 6,000+ sites and 40,000+ email group publisher subscribers for as low as $2 / article...
Index  Article Directory  Finances
Embed this Article  
Simon Burgess

Simon Burgess x 899 articles

Liked the article? Consider buying me a beer!
$

Most Recent Videos Most Recent Videos

If you take out mortgage protection against accident, sickness and unemployment then it would pay you a monthly sum of money equivalent of the sum you insured against which would be your mortgage repayment for the month. This would ensure that you would not be at risk of losing your home to the lender by way of repossession. You would be able to concentrate on making a recovery or finding work again.

The number of repossession is a big worry and the Council of Mortgage Lenders predict that just in 2008 there will be around 45,000 homeowners losing their home to repossession. Up to June there had already been over 18,000 repossessions and many of these could perhaps have been stopped if the homeowners had taken out mortgage protection. A policy does not have to cost a lot if you take it with a specialist in payment protection as opposed to having it added onto the borrowing.

If you have mortgage payment protection added onto the borrowing then it can work out very costly. You could find that it would boost up the cost of the mortgage considerably as high street lenders charge huge premiums for the protection. In the majority of cases very little information is given regarding the policy and the exclusions and in some cases in the past this has led to consumers buying cover they could not possibly hope to claim against. In the past mis-selling has occurred and fines have been handed out. However when bought with the exclusions in mind mortgage cover does the job it is supposed to do and is very valuable protection.

If you just miss on repayment on the mortgage then the lender will want to know how you plan to catch up on the missed payments. Also you would have to be able to maintain the mortgage repayments. If you do not have an income coming in then it would be very hard to come to an agreement with the lender. If no agreement can be made then you are looking at the mortgage lender taking you to court and seeking possession of your home and have you evicted. With a policy behind you there would be no worry of this happening as you would be able to keep up with the repayments.

Mortgage protection pays out after a certain length of time of being unemployed or incapacitated. Normally this would be in the region of 30 to 90 days. Some providers will backdate the policy to the first day of your unemployment or incapacity but you have to check in the terms and conditions of the cover before taking it out. Once the policy has begun to provide you with an income it would then carry on doing do for the period set out in the terms and conditions.

Providers usually offer either 12 monthly payments or 24 and after this period of time the policy simply ceases. This is usually more than enough time to get back to work or in the case of unemployment to find work again.

Rate this article:
Simon Burgess is Managing Director of the award-winning British Insurance, a specialist provider of mortgage protection.
Important NoticeDISCLAIMER: All information, content, and data in this article are sole opinions and/or findings of the individual user or organization that registered and submitted this article at Isnare.com without any fee. The article is strictly for educational or entertainment purposes only and should not be used in any way, implemented or applied without consultation from a professional. We at Isnare.com do not, in anyway, contribute or include our own findings, facts and opinions in any articles presented in this site. Publishing this article does not constitute Isnare.com's support or sponsorship for this article. Isnare.com is an article publishing service. Please read our Terms of Service for more information.

Most Recent Articles

Renovate Your Lawn Beautifully With Lawn Care and Maintenance Services

An Article by LAZICH LEO in Gardening

4 days ago

An unkempt and ugly lawn is not only an eyesore, it also creates a negative impact on your property. If you have let go of lawn care so much so that it is over run with weeds or shows bare patches, a lawn renovation is in order. Repairing your lawn may be a good idea if the about 25% of your lawn is in bad shape...

Custom Hanging Signs Sydney - Affordable Way of Promoting Your Business

An Article by Mike Layman in Marketing

4 days ago

Hanging Signs are not just an amazing and highly cost effective way of advertising your products and services; they are easier to setup in comparison to other advertisement signs – just hang them from a pair of hooks or whatever and you're done. Needless to add, this also makes them more economical than other outdoor or indoor advertisement material...

Armor Your Laptop in Style With Printable Laptop Sleeves

An Article by Rohit B in Finances

4 days ago

To help you with both of your purposes, let us discuss about such a service which will help you out here to create your own laptop sleeve. So as I told you in the above paragraph, which I would have started my personal service or something to help you out of this situation. But let me inform you what you must be thinking is just something hypothetical, but that’s not true...

Start School in Time by Using Automatic School Bell

An Article by Vivency Global in Education

4 days ago

School is first place where children learn discipline, good manners and punctuality. The automatic school bell solutions are really important and makes away from manual errors. Humans may ring the bell at in appropriate time but the machine cannot. The most of the school are digitalized with interactive boards, automatic bells, CCTV and many...

Applying For No Credit Check Mortgage Loan? – Expert Tips to Follow

An Article by Roy Robbins in Finances

5 days ago

Interestingly, the option of no credit check mortgage loan has been made available by some lenders. So, one does not need to undergo tedious process of credit assessment. However getting quick approval for an affordable mortgage no credit check loan is not easy. Some stringent approval criteria may apply...

70-345 Microsoft Exchange Server 2016 Study Books

An Article by Chung Crissler in Internet

5 days ago

Examunion offers you a comprehensive look at the best prospects available in 70-345 exam questions throughout the Industry. Not only will you be given theoretical, but also given 70-345 Microsoft Exchange Server 2016 study books which will give you even more practice than before. Try our Designing and Deploying Microsoft Exchange Server 2016 70-345 exam test today and succeed in your Designing and Deploying Microsoft Exchange Server 2016 70-345 exam...

Microsoft MCSE 70-339 Practice Exam SharePoint Server 2016 70-339 Questions Material

An Article by Chung Crissler in Education

5 days ago

Maybe on other web sites or books, you can also see the related training materials. But as long as you compare Examunion product with theirs, you will find that our product has a broader coverage of the certification exam's outline. You can free download part of Microsoft MCSE 70-339 exam books from Examunion website as a try to detect the quality of our products...

Gain Weight and Build Muscle

An Article by Arati Shah in Wellness, Fitness and Diet

5 days ago

Several individuals do not succeed in their passion to maintain a healthy diet due to the lack of knowledge of eating healthy at work. When at work, many find it difficult to stay committed to a diet plan due to several unavoidable reasons such as colleagues might request to eat with them, availability of lots of delicious food at workplace, etc...

XenApp and XenDesktop 7.6 LTSR 1Y0-202 Questions

An Article by Kruis Barry in Education

5 days ago

1Y0-202 is a challenging exam, with our XenApp and XenDesktop 7. 6 LTSR 1Y0-202 questions; you can feel safe with our question and answers that will help you in obtaining your successful completion of your 1Y0-202 exam. All of our practice exams including the 1Y0-202 exam will prepare you for success...

VSphere 6.5 Foundations Exam 2V0-602 Dumps

An Article by Kruis Barry in Education

5 days ago

Passcert vSphere 6. 5 Foundations 2V0-602 dumps 2V0-602 help you to save a lot of time and effort. You 2V0-602 also use the extra time and effort to earn more money. Passcert provide you the product with high quality and reliability. You 2V0-602 free download online part of Passcert providing vSphere 6...

Citrix Certification 1Y0-202 Exam Answers Passtcert

An Article by Nigel Reyez in Computers and Technology

5 days ago

Passtcert is a website which can help you save time and energy to rapidly and efficiently master the Citrix certification 1Y0-202 exam related knowledge. If you are interested in Passtcert, you can first free download part of Passtcert Citrix Certification 1Y0-202 exam answers on the Internet as a try...

Benefits to Your Wedding Provided by Limo Service in Pittsburgh, PA

An Article by Iris K. Allen in Marriage

5 days ago

Using professional transportation on your wedding day may seem like a given and a basic booking to make, but considering the effect that it can have, you’d serve your wedding day well to be selective with your booking. Find a worthwhile company and secure every wedding transportation need with a suitable Pittsburgh Limousine...

Mark the Family Wedding With a Denver Bus Rental

An Article by Lucille W. Hill in Travel

6 days ago

The obligatory family wedding comes with challenges, but it also offers opportunities. A Coach Bus Denver will make it possible for your extended family to reconnect, save some cash, and all attend the family wedding as part of a group. Take Note of Transportation NecessitiesComprehensive research into all elements of transportation should come before you make reservation from any of the Charter Bus Companies Denver...

Killtest 2017 Microsoft MCSA 70-764 Test Questions Microsoft 70-764 Practice Test

An Article by Delia Green in Education

6 days ago

70-764 Administering a SQL Database Infrastructure is among the many most respected exams so you can get good work opportunities. We can complete devoid of much frantic use the particular help regarding Microsoft MCSA 70-764 Test Questions Microsoft 70-764 Practice Test that are exclusively made for people who will need advice...

2V0-602 VSphere 6.5 Foundations VMware VCP6.5-DCV 2V0-602 Exam Test Prep

An Article by Morris Porreca in Education

6 days ago

About VMware 2V0-602 exam, you can find these questions from different web sites or books, but the key is logical and connected. Our questions and answers will not only allow you effortlessly through the exam first time, but also can save your valuable time. Examgood can provide professional and high quality products...

MLA Style Citation:
Burgess, Simon "Mortgage Protection Pays Your Monthly Mortgage Repayment." Mortgage Protection Pays Your Monthly Mortgage Repayment. 08 Sep. 2008 Isnare.com. 21 Aug. 2017 <https://www.isnare.com/?aid=294547&ca=Finances>.
APA Style Citation:
Burgess, Simon (2008, September 08). Mortgage Protection Pays Your Monthly Mortgage Repayment. Retrieved August 21, 2017, from https://www.isnare.com/?aid=294547&ca=Finances
Chicago Style Citation:
Burgess, Simon "Mortgage Protection Pays Your Monthly Mortgage Repayment." Mortgage Protection Pays Your Monthly Mortgage Repayment Isnare.com. https://www.isnare.com/?aid=294547&ca=Finances
Copy and paste the code below to embed this article:
<a class="embedly-card" href="https://www.isnare.com/?aid=294547&ca=Finances">Mortgage Protection Pays Your Monthly Mortgage Repayment</a> <script>!function(a){var b="embedly-platform",c="script";if(!a.getElementById(b)){ var d=a.createElement(c);d.id=b,d.src=("https:"===document.location.protocol?"https":"http")+"://cdn.embedly.com/widgets/platform.js"; var e=document.getElementsByTagName(c)[0];e.parentNode.insertBefore(d,e)}}(document);</script>