Key
Features
This is mortgage protection
insurance designed to keep the roof over your
head in troubled times. It has a "back-to-day-one"
element that's really important.
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Mortgage payment
insurance available to anyone in the UK holding
a private mortgage |
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Free transfer and
immediate cover for clients who switch
from another insurer. |
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Highly competitive
mortgage protection insurance premiums payable
monthly by direct debit. |
"Back-to-day-one", simply means that from
the moment you make your claim, payments are calculated
from the first day of your disability or unemployment.
Click on the image
below to be taken to our dedicated Mortgage Insurance
Site .
Most mortgage payment and mortgage
protection insurance schemes start paying at the end
of the month in which a claim is made. Not good, we
feel you will agree!
Take advantage of this excellent mortgage payment insurance
offer
This insurance cover is designed
to help you beat the consequences of unemployment or
disability and provides many other benefits:
All benefits are tax-free and "Back-to-day-one" benefits
are payable for 12 months.
Unemployment only cover, or disability
only cover, or life cover can all be arranged in an
appropriate BIBA/Burgesses mortgage
payment insurance plan, for you. If you run your own
business we'll cover you in the case that it ceases
to trade and is formally wound-up.
And if you think that UK government
benefits will keep your home safe, then read on.
Click
here for Mortgage Payment Protection Insurance
State Benefits
State benefits for a single person
are currently around £60 per week. The typical state
benefit for two adults with two children is around £96
per week; the maximum is in the rigion of £134 per week.
This will never cover your mortgage obligations.
Self reliance, in the form of private mortgage protection
insurance
Since October 1995 new mortgage
borrowers have received no state help for the first nine
months of unemployment or disability. Existing mortgage
borrowers receive nothing for the first two months, only
50% for the next four months and then full benefit for
mortgages of up to £100,000 (provided they qualify).
Governments are never slow to find
a way to shirk giving a promised payment. In 1998 alone,
the introduction of a new incapacity criteria resulted
in 102,000 claimants being turned down for state benefit.
An independent doctor (not your own) will carry out your
assessment and you must be incapable of doing any work,
not just your normal job, to qualify for state benefit.
Get under the BIBA private mortgage
protection insurance umbrella now. Don't go without.
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