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The Mortgage Helper2, Furze CourtWickham Road Fareham, Hampshire PO16 7SH Tel: 08451 300977 |
| Monday 1 December 2008 |
Payment Protection
There may be a time when you are unable to continue with your regular mortgage repayments. This could be due to an accident, sickness or redundancy for example. Should this happen, and without adequate payment protection, your home will be at risk of repossession by your mortgage lender. The Government will pay nothing of your mortgage for nine months, and even after that period it will be means tested – so it is strongly recommended that payment protection is taken out.
Lenders and intermediaries can offer insurance to protect you in the event of such circumstances.
Remember your mortgage is probably your largest financial commitment and here at THE MORTGAGE HELPER we want to ensure that you get the right one for your circumstances.
Mortgage advice is provided THE MORTGAGE HELPER LTD (TMH), a subsidiary of BDS MORTGAGE GROUP LTD which is authorised and regulated by the Financial Services Authority. No. 301646. We may charge a fee of up to 2% of the advance that will depend on your personal circumstances. A typical fee would be 1%. For example, a loan of £200,000 would attract a fee of £2,000.
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