The policyholder can use the benefit to pay for medical expenses, make up for lost income, or cover other costs associated with the illness; even pay off all or some of a mortgage, it’s up to you.
The terms of the policy, including the specific illnesses covered, will vary depending on the insurer and the policy – it’s vital to take advice from a suitably qualified mortgage and protection adviser to ensure the cover meets your needs
At The Mortgage Branch, we are here to help you secure the most suitable mortgage for you, whatever your situation.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT