Archive for the ‘Mortgage Payment Protection Insurance’ Category

Is Payment Protection Insurance a Paper Tiger?

Kerry Jonas asked:  If you’ve ever taken out a personal or secured loan, a mortgage, credit card or store card then you were probably sold Payment Protection Insurance (PPI) at the same time.  PPI is in theory a good idea.  It covers your repayments if you can’t work because you become ill or have an [...]

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What is Mortgage Payment Protection Insurance? (MPPI)

SeanHorton asked: Mortgage Payment Protection Insurance or MPPI for short is a product designed to pay your monthly mortgage repayment, if you are unable to do so. It is an insurance product designed to keep the roof over your head, during a period when your earned income ceases, due to accident, sickness or redundancy.An illness [...]

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Should You Buy Mortgage Payment Protection From Your Lender?

Simon Christopher asked: So, you’ve done your home work and found the best mortgage for you with a great rate that should save you money. This is where many borrowers let their guard down and end up paying way over the odds for insurance sold to them by their new lender.Whilst, Mortgage Payment Protection Insurance [...]

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