BFS Direct Ltd > Launches mortgage payment protection insurance

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BFS Direct Ltd launches new MPPI product - 21/01/2008

Mortgage payment protection insurance gives homeowners exceptionally low cost cover against the risk of losing their job. This insurance cover can ensure that your mortgage outgoings are taken care of for up to 12 months if you can't work due to illness, injury or involuntary unemployment. Cover is available either by age related or level payment premiums and premiums do not subsequently increase as you grow older.

Why do I need insurance?

Everyone is vulnerable to the risk of illness and you can't guarantee that you will not suddenly find yourself surplus to your employer’s requirements. If you think you can't manage to insure your mortgage, this insurance makes safeguarding your home affordable.

For more information please visit our MPPI page where you can see just how much you can save with your mortgage payment protection insurance.

Protect your tomorrow today!

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The overall cost for comparison is 10.8% APR variable. The actual rate will depend upon your circumstances. Ask for a personalised illustration. Our rates start from 7.9% APR variable. We also have a range of plans with rates up to 17.5% APR allowing us to help customers even with the most severe credit problems. If you are thinking of consolidating existing borrowing you should be aware that you will be extending the terms of the debt and increasing the total amount you repay. A fee of between 0% and 10% of the loan may be charged depending on credit history and ability to prove income. The amount of fee will depend on your circumstances, however, we estimate that it will be 5% of the loan amount.