Types of Help > Payment Protection
Payment Protection
There may be a time when you are unable to continue with your regular mortgage repayments. This could be due to an accident, sickness or redundancy for example. Should this happen, and without adequate payment protection, your home may be at risk of repossession by your mortgage lender. The Government will pay nothing of your mortgage for nine months, and even after that period it will be means tested – so it is strongly recommended that payment protection is taken out.Lenders and intermediaries can help you find providers that offer insurance to protect you in the event of such circumstances.
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Think carefully before securing other debts against your home, your home may be repossessed if you do not keep up repayments on your mortgage.
There will be a fee for mortgage advice. The precise amount will depend upon your circumstances but we estimate that it may range from £295 to £495.
The guidance and/or advice contained in this website is subject to UK regulatory regime and is therefore restricted to consumers based in the UK
Greenwich Mortgages is an Appointed Representative of BDS Mortgage Group Limited
which is authorised and regulated
by the Financial Services Authority for Mortgages and Non-Investment Insurance,
FSA Number 301646
Greenwich Mortgages is not authorized to give any advice in relation to investments or investment products
9 Gifford House, Eastney Street, Greenwich, SE10 9NT
gulay@greenwichmortgages.co.uk
