Mortgage insurance

Mortgage insurance is designed to protect your mortgage payments if you become ill or are made redundant and cannot pay your mortgage. There are a number of associated products.

Lenders will always require you to have buildings insurance before they advance you a loan for a mortgage. Mortgage payment protection insurance is a product that borrowers can be encouraged to buy. However, you should exercise caution before you agree to it as it can be expensive and there can be lots of limitations on if it oays out.

	Mortgage insurance Mortgage payment protection insurance covers monthly mortgage payments for a set period if the borrower becomes unemployed or prevented from working because of sickness or disability.
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