Mortgage Protection Insurance
When you take out a mortgage, the morgage provider needs to safeguard the money it lends you.
For instance, a mortgage provider may require you to take out life insurance to pay off your mortgage if you should die. This is known as mortgage protection life cover. Or you might feel safest with critical illness insurance - a long-term insurance policy designed to pay a lump sum or income on the diagnosis of certain life-threatening or debilitating (but not fatal) conditions.
You can also get mortgage payment protection insurance (MPPI) to protect your mortgage payments if you become ill or disabled, or lose your job. Or you might consider a wider insurance, such as payment protection insurance (PPI) which, as well as your mortgage, usually covers other loans, credit/store card and catalogue payments. Giving peace of mind.
Protecting Your Mortgage With Life Insurance
Mortgage protection life cover is usually an insurance taken out for a fixed term, and is sometimes called protection only insurance.
PPI - Protection Where It Matters
Let's face it, premiums can be high, but these policies offer security where it really matters. Peter Male will search out the best deal for you.
Suiting You, and Your Circumstances
With so many considerations and a wide choice of payment protection insurance policies, Peter Male will simplify the jargon and find you a payment protection insurance to suit you.
Finding An Acceptable Premium
Peter Male can cut your premiums by selecting a payment protection insurance that covers a percentage of your regular payments that your mortgage provider will find acceptable.
Trust and Integrity To Shape Your Mortgage Protection Insurance
At Peter Male we pride ourselves on putting the customer first.
For instance, we will not hide the fact that most payment protection insurance policies don't pay out right away and most have limitations and exclusions, such as only paying out for a limited period. We can also be critical about some of the payment protection insurance providers who can make it difficult for people to cancel policies, or tie them up in a long contract. Speak to a Peter Male Advisor today.
Do Bear In Mind:
Insurance cover providers will cover your mortgage and related costs against redundancy as long as they do not exceed 65% of your income.Mortgage Insurance Shaped To Fit You
When it comes to mortgage protection life cover, mortgage payment protection insurance (MPPI) or payment protection insurance (PPI) our sole aim is to find the correct policy for you.
Peter Male offers a selection of competitive standalone PPI policies from a range of providers.
But don't just take our word for it; find out what insurance providers are allowed by law to offer, and what independent financial services can do for you at Money made clear on the Financial Services Authority (FSA) website.
Don't Rely On The DSS
What Government Help Is Available?
'Protecting your mortgage payments against accident, sickness or unemployment is increasingly important. Under new DSS rules you will still not be eligible for any mortgage interest support for an initial period of 13 weeks. After this period help is available only towards mortgage interest, and not towards capital payments (for those with repayment mortgages) or payments for associated insurance products such as house or life insurance.
You will get assistance towards the first £200,000 only of your mortgage. You may not be eligible for any help towards your mortgage costs if you have sufficient savings or another income (ie. your partner is still working).' Crown Copyright.
Financial Advice
Everyone's circumstance is different and off the shelf financial products may not cater for your personal needs; but with the right financial advice from a qualified and experienced financial advisor we can help you weigh up your options and execute your wishes.
Reviews & Checks
Life changes. For this reason, whether business or personal, a review of your financial present and future, can increase financial health and your peace of mind. Moreover, you need your money to work for you and that's our job. A quick chat on the phone is all that's needed.
Free Consultation
In the interest of the environment we like to determine your needs over the phone or email, and your free consultation can start from there. If we need to visit and need a few hours with you then we'll let you know if there are any fees. But we do offer the first hour for free.
Investments
All clients of Peter Male are seen as long-term clients and as such our relationships with all our investor clients are financially intimate. Moreover, liking each other is part of trusting each other so we nurture all clients at a pace that suits their pace and our approach.
Quick Links to Financial Solutions
Our Spanish Office
Meet at our Spanish offices or we can visit you at your Spanish or UK home! Peter Male Financial Planning has been operating from Benalmadena Pueblo, Malaga since 2002 and with agents in Spain and the UK we offer more flexibility.
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