Solution Mortgages News

Solution Mortgages news on bad credit remortgages, poor credit remortgages and for people with arrears & ccj’s. Remortgage news with regards to the adverse credit market and people with sub prime credit.

Wednesday, January 30, 2008

Mortgage and Payment Protection Insurance (MPPI)

Solution Mortgages through Assurant Solutions, offer one of the most flexible accident sickness and unemploymnet products available. We can tailor the product to suit your needs.

As well as your mortgage payments, cover can also be used to protect other regular monthly commitments including insurance, loans, utility bills and council tax. It can also be used for residential rental payments.

It also offers true added value when compared to other products as well as being competitively priced. Our cover works out at £3.95 for every £100 of benefit. For example, to cover your mortgage payment of £600 per month, the monthly premium for your ASU policy would be £23.70 a month. This is extremely good value when you consider the benefits as follows:-

  • All employment types covered, including self employed and contract workers, directors or business partners
  • Provides a maximum benefit of 75% of salary or £2,500 a month whichever is the lesser (higher sums may be available on request)
  • Choice of excess - in addition to back to day one cover, clients can select an excess to suit them, for example, 30 or 60 days
  • Extended monthly benefits, giving cover for between 12 and 24 months benefit for Accident and Sickness
  • Life and Terminal Illness benefit options
  • Choice of terms available - in addition to a monthly premium product, guaranteed premium rates can be supplied over term of up to 84 months
  • Flexible monthly benefit splits - in the case of joint applicants, the monthly benefit can be split to meet individual client needs

If you are interested in looking at Mortgage and Payment Protection Insurance (MPPI) please feel free to call Solution Mortgages on 0845 123 1260 to discuss your options. Alternitavely if you already know the type and amount of cover you require and would like an instant quotation you can apply on line by clicking on the ASU button and follow the simple steps.