By choosing to get your mortgage insurance quote with a standalone payment protection provider you are able to make huge savings on the cost of a policy. You might think that taking the protection offered by the lender when taking out the protection is the cheapest policy; however you will usually pay way over the odds when taking out cover this way. Mortgage protection is taken out to ensure that if you lose your income due to redundancy or a (more…)

The concern with this is that income may be over inflated to achieve a higher loan. The self cert lenders have potentially found though that there have been no more repossessions with this type of lending than with full status lending. Self cert is not an excuse to inflate income to achieve a loan as the loan must be serviced comfortably within the realistic standard income multiples.

An example of self cert is where a person (more…)

Also required will be an asset and liabilities statement that shows the business debt but also the monies coming in or assets to cover the borrowings. Often a member of the corporate lending department of the bank will a make visit to the business premises to ascertain the business and meet the owner. They will be looking for good turnover, profit and a sound running business which appears to be robust.

The ow (more…)

It is true to say that these days you can arrange an insurance policy for almost every eventuality. The most common insurance policies that people take out will include buildings insurance, contents insurance, life assurance and critical illness cover.

Another common insurance policy that many homeowners decide to take out is Mortgage payment protection insurance (MPPI) – this type of policy can cover your mortgage repayments fo (more…)