Mortgage payment protection
- Whole of market. More lenders. More choice.
- Simple, straightforward mortgage advice
- Specialist mortgage experts for complex cases
Mortgage payment protection
There’s a lot to love about being a homeowner. But, it does come down a downside or two, largely a big mortgage to keep on top of. Your mortgage is one of your biggest financial commitments, and it’s a hard commitment to keep up with if illness, injury or redundancy suddenly stops your income. You can’t simply stop paying, and you don’t want to risk losing your home, which is why mortgage payment protection insurance is so important. Designed to step in during tough times, mortgage payment protection helps you to protect your home and avoid falling behind.
At Everest Mortgages, we know how difficult life can become when you run into financial difficulties. That’s why we go above and beyond to ensure you find mortgage payment protection that provides peace of mind, whatever you’re facing.
We search 1000's of mortgage deals across a large number of lenders, including...
What is mortgage payment protection insurance?
Mortgage payment protection is a type of insurance that covers your monthly mortgage repayments if you’re unable to work due to illness, injury or forced redundancy. It’s a way of ensuring your home remains secure, even when life throws unexpected challenges your way.
How does mortgage payment protection work?
If you’re signed off work or made redundant, mortgage payment protection can cover your mortgage payments in full, up to a set limit. This is typically a percentage of your salary. The majority of policies will continue paying for up to 12 months or until you return to work, whichever comes first.
Before payments begin, you’ll usually need to be off work for a set number of days, known as the deferred period. This could be anywhere from 30 to 180 days, depending on the policy you choose. Choosing a longer deferred period may reduce your premium, which is useful if your employer offers sick pay for the first few weeks.
Speak to a mortgage advisor
Who needs mortgage payment protection?
If any of these apply to you, you are likely to benefit from mortgage payment protection:
- Missing even one or two payments would put pressure on your finances.
- You have little or no savings to fall back on.
- You’re self-employed, and don’t receive sick pay or redundancy packages.
- Your income is essential to keeping your mortgage up to date.
- You want peace of mind knowing your home is covered during difficult times
If you’d struggle to meet your mortgage repayments without your income, mortgage payment protection acts as a safety net.
Read our reviews
What does mortgage payment protection cover?
There are a lot of mortgage payment protection policies available, and they tend to fall into 3 categories. Some pay your mortgage if you’re unable to work due to illness or injury, and others pay your mortgage if you’re made involuntarily redundant. The third group, which is where you’ll find the most comprehensive options, combine all three areas of protection.
At Everest Mortgages, we’ll help you to choose the level that best fits your circumstances, and then narrow down your options. We can help you compare policies and find one that offers the right balance of affordability and protection.
Read our reviews
Book a free consultation with a mortgage expert
- Expert, personalised advice
- Save time and money
- Clarity and confidence in your next move
Years experience
8080
Mortgages arranged
80808080+