When taking out a mortgage, you may think that you will always be able to meet the monthly payments as you are in good employment. However what would happen to your mortgage payments if you were made redundant, or couldn’t work due to an accident or illness?
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You may think that being made redundant may be a possibility but that you have a very good sick pay structure if you were ill or had an accident.
Or you may be in a very safe job, but worry what would happen if you couldn’t work due to an illness or accident.
To keep down costs, you can choose just one element of the cover, redundancy or accident and sickness.
- 90 families a day have their home repossessed. The majority of these are caused by unemployment.
- Every day, 500 people lose their job through redundancy. Nearly 70% of men and 50% of women will be out of work for more than 6 months
- Option to have 1st 3 months free
- Back to day one cover
- Can cover mortgage related insurances such as life insurance & buildings & contents
- Option to have 25% as money in your pocket. This is free with certain policies
