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Mortgage payment protection insurance |
Mortgage PAYMENT PROTECTION
| If you have a mortgage, the you need to protect
your payments with a mortgage payment protection insurance
policy. Our mortgage payment protection insurance policy is designed to meet
the demands and needs of people who want to protect mortgage payments against their being
unable to meet the payments on their own property should they
lose their job through unemployment or be unable to work due to accident
or sickness. Our mortgage protection insurance policy is portable: - once
set up you can keep it even if you change your loan, enables you to
add 25% extra cover on your payments to cover other expenditure.
You should note that, as this is a private policy (not linked to any provider)
although you are able to amend the sums insured if
your payments change e.g. due to a change in interest rates,
without penalty, the policy does NOT automatically increase or reduce the
monthly benefits. All purchasers of our have 3 months free cover and for those
taking out a new mortgage/ re-mortgage or switching to our scheme there is
no initial exclusion period when unemployment is not covered. |
WHO PROVIDES THE COVER?
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Our mortgage payment protection insurance policy will be
supplied by a website owned and operated by
Burgesses Limited who are specialists in mortgage payment protection
insurance.
Burgesses Limited has been recommended in a large number of local and
national newspapers and magazines including The Times, The Telegraph, The
Guardian, The Mail on Sunday and The Financial Times. In addition, its
products have topped Which? ‘best buy’ surveys and it is the
exclusively appointed provider of this form of policy to the members of
The British Insurence Brokers’ Association (BIBA).
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The online quote, together with all
the information you require to apply online will be available when you click to go to the Burgesses Limited website
and will be a no obligation and confidential quote
Burgesses Limited are directly authorised and regulated by the
Financial Services Authority under registration number 302674.
Please be aware that responsibility under Financial Services Authority
regulations will therefore be assumed directly by Burgesses Limited if you
purchase this policy through them.
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features
- Our mortgage payment protection insurance policy
provides back to day one benefits after 30 days
- 12 month benefits
- Rates : £2.45% - unemployment only £3.95%
combined cover, £2.45% disability only
- 3 months free cover for all applicants
- Exclusion free cover for new mortgages, remortgages
and transfers, subject to status
If you want ADDITIONAL cover?
We can provide up to an extra £1000 per month cover
on-line subject to status
- Rates: combined cover : £5.00%, unemployment only
£4.00%: disability only £3.00%
- Back to day one after 30 days
- 12 month benefit period
- Unemployment cover excluded for first 120 days of
policy
Alternative services
Although an exceptional policy is offered by Burgesses, as an independent
intermediary, B. Portwood & Co Ltd offer policies from a limited range
of policies that may, on occasion, be more
suitable for your demands and needs. Amongst our private facilities we can offer:-
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Policies that will pay out for 24
months benefits rather than only 12.
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Policies that allow you to extend your
cover substantially more than your mortgage payments
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Policies suitable for people who pay
rent rather than a mortgage.
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Bespoke quotations and other policies
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