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.
A fee of £295.00 payable on completion. As an Independent Mortgage Advisor I will charge a professional mortgage arrangement fee of £1,500 upfront, and I will reimburse any procuration fee back to you. Alternatively I will charge a fee of £295 as documented. We will also be paid commission by the lender.
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
Castlehead Properties is an Appointed Representative of BDS Mortgage Group Limited which is authorised and regulated by the Financial Services Authority, number 301646.
Castlehead Properties is not authorised to give any advice in relation to investments or investment products
26, Causeyside Street, Paisley, PA1 1UN
paul@castlehead.fsnet.co.uk
