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Mortgage Protection Insurance Advice in Exeter, Devon
How would you continue to meet your mortgage repayments if you were unable to work due to an accident, sickness or unemployment?
We all work hard to afford to buy our own home, which is arguably our most expensive and valuable asset. This is why it is so important to have the right cover protecting your investment.
An accident, sickness, disability or unemployment can happen to anyone at any time. Mortgage Payment Protection is designed for new mortgage and re-mortgage customers (those whose mortgage agreement has been in force for 30 days or less). It provides you with peace of mind that should the worst happen you will be able to continue to meet your mortgage repayments.
Important information
Finding a cheap mortgage protection insurance policy isn't difficult. However getting the right coverage for your individual needs can be quite tricky.
Mortgage Payment Protection Advice
Understanding the details
What is mortgage payment protection insurance?
In Exeter our advisors offer Mortgage Payment Protection advice. MPPI serves as a safeguard for your mortgage payments in the event of involuntary redundancy or if you become unable to work due to accidents or illness. It offers crucial income protection for homeowners facing these challenging circumstances.
Comprehensive Coverage for Mortgage Payments
MPPI is designed to cover your monthly mortgage repayments, preventing them from becoming a source of stress during uncertain times. Importantly, this coverage is available for various types of mortgages, whether you have a repayment mortgage (covering both the interest and principal) or an interest-only mortgage. The key consideration is that your monthly repayments should not exceed 65% of your gross annual salary.
How does mortgage payment protection insurance work?
MPPI can provide full coverage for your monthly repayments, ensuring they do not surpass 65% of your gross annual salary. This insurance option is applicable to both repayment (capital and interest) mortgages and interest-only mortgages.
Typically, the majority of plans designed to protect your mortgage payments will offer benefits for a duration of up to 12 months or until you are able to resume working, whichever occurs first.
Short-Term Financial Support
One of the notable features of MPPI is its short-term nature. In most cases, these insurance plans provide financial support for a limited duration—typically up to 12 months or until you're ready to return to work, whichever occurs first. This ensures that you can manage your mortgage obligations during a temporary period of financial instability without committing to a long-term policy.
Your Trusted Source for Mortgage Payment Protection Advice in Exeter, Devon
At Beerstone Financial Services, we understand the importance of securing your home and financial stability. Our team of advisors specialise in providing tailored mortgage protection advice in Exeter, Devon, to help you make informed decisions about your financial future.
By choosing our services, you gain access to:
Personalised Guidance: We take the time to understand your unique circumstances and financial goals, tailoring our advice to meet your specific needs.
Expertise: Our experienced advisors have a deep understanding of the mortgage protection landscape in Exeter and Devon, ensuring you receive advice that's both relevant and reliable.
Peace of Mind: With our guidance, you can navigate the complexities of mortgage payment protection insurance confidently, knowing that your home is protected, no matter what life throws your way.
No need to worry.
We will deal with all your concerns.
Have a question? Contact our Devon team today.
Beerstone Financial Services was established in 1996 by Chris Beer, our Director, who still oversees the company and ensures we maintain the best service.
In total we have over 30 years of experience in financial services working in a range of environments so you can be sure that your situation is in experienced hands.
Speak to our team
Visit our offices: 2 Southernhay West, Exeter, EX1 1JG
Beerstone Financial Services Ltd (542704) is an Appointed Representative of BrokerSync Ltd, which is authorised and regulated by the Financial Conduct Authority (1031981).
There may be a fee for Mortgage Advice. The precise amount will depend upon your circumstances and will be agreed upon following your initial meeting.
Investments, Pensions, Wills, Trusts, PMI and Estate Planning will be referred to our authorised third-party providers. Beerstone Financial Services Ltd and BrokerSync Ltd are not responsible for any advice received from the third-party providers.
Investments, Pensions, Wills, Trusts, PMI and Estate Planning will be referred to our authorised third-party providers. ABC Ltd and BrokerSync Ltd are not responsible for any advice received from the third-party providers.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Conveyancing, Wills, and some forms of Buy-to-let Mortgages and Commercial Mortgages are not regulated by the Financial Conduct Authority.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or other debt secured against it.'