Simon Burgess asked: Mortgage payment protection insurance is taken out in order to safeguard the possibility that you could come out of work due to an accident, long term illness or through unforeseen unemployment. The cover will usually pay out for up to a period of 12 months (with some policies, it will be for [...]
Simon Burgess asked: Your monthly mortgage repayments will be the biggest outgoing that you have but have you ever given any thought as to how you would keep up the repayments if you were to come out of work due to accident, long term sickness or unemployment? Mortgage cover can be expensive but there is [...]
Simon Burgess asked: If you were to find that you are going to be made redundant then life would become very hard and you would be filled with dread of how you are going to be able to maintain the repayments of your mortgage. If you do not keep up with the repayments the lender [...]
