Don't let your clients go without Mortgage Payment Protection Insurance

A mortgage is undoubtedly one of the biggest financial commitments your clients make in their lives. So, why is it that so many seem to overlook the importance of Mortgage Payment Protection Insurance (MPPI)?

If your client becomes unemployed or unable to work due to accident or sickness, MPPI could make a big difference by helping to meet their mortgage repayments.

Why is MPPI so important? The facts:

  • The number of unemployed reached 1.56 million in the three months to May 20071.
  • Higher interest rates are predicted to increase the number of mortgages that are three or more months in arrears in 20072.
  • Nearly two million people of working age will be off work for at least six months at any one time due to sickness and disability3.
  • Financial help with mortgage repayments through the state benefit system is subject to restrictions and may not be sufficient.

So don't let your clients go without MPPI.

1Source: Office for National Statistics, Employment, 18 July 2007
2Source: Council of Mortgage Lenders, Repossession Risk Review 2007
3Source: Office for National Statistics, Economic inactivity highlights, March 2006

This information is solely for the attention of Directly Authorised or Exempt firms as defined by the Financial Services Authority and must not be issued to the General Public.

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