Protecting Your Mortgage
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THE FACTS:
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between the ages of 30 and 60*, 1 in 4 people will suffer from a critical illness
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270,000 people in the UK suffer a heart attack each year - that's one heart attack every two minutes**
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overall it is estimated that more than 1 in 3 people will develop some form of cancer+
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each year 100,000 suffer their first stroke***
*Datamonitor UK Health Insurance 2003
**British Heart Foundation 2004
+Cancer Research Incidence
***The Stroke Association 2004 |
So you've taken the big step of buying your own home. The last thing you want to do now is risk losing it.
So why would you need mortgage protection?
Death or Serious Illness
Would you be able to keep up the repayments on your mortgage if:
Both of these situations make you unable to work and so unable to keep up your mortgage payments. Mortgage Protection is an insurance policy that would pay out a lump sum to pay off your mortgage in the event of death or serious illness. We can help you with this so talk to us
Mortgage Payment Protection Insurance (MPPI)
Would you be able to keep up your mortgage payments due to abscence from work following:
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Illness?
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Accident?
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Redundancy?
If you were abscent from work due to any of the above reasons then MPPI would pay a monthly benefit that would help meet your monthly mortgage expenditure ensuring that you dont fall behind on your mortgage repayments. We can arrange cover for you so why not have us call you
Building and Contents Insurance
When taking out a mortgage or remortgaging, the mortgage company will insist on suitible Buildings Insurance to protect your property in the event of damage as a result of:
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Fire
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Smoke
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Explosion
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Lightening
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Storm
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Flood
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Theft
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Vandalism
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Escape or water or oil
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Impact
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Collision
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Subsidence
In the event of damage to your home resulting from any of the above, your buildings insurnace would pay to reapair the damage to the building only. The contents of your home is not covered so we can help you to make sure that you protect the contents of your home as well.
Phone: (01472) 200664
MFC Mortgage Options, 231 Grimsby Road, Cleethorpes, North East Lincolnshire, DN35 7HE
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