rayward
|
| posted on 26/1/09 at 09:59 PM |
|
|
OT: mortgage payment insurance
anyone have any experience of providers of MPI?, recommendations etc,
cheers
Ray
|
|
|
|
|
tomblyth
|
| posted on 26/1/09 at 10:05 PM |
|
|
got mine through chelsea building society and insured it for extra to cover my bills as well , (almost twice my mortgage payment) been made redundant
a couple of times and they have paid out without any trouble! each time....
|
|
|
Paul TigerB6
|
| posted on 26/1/09 at 10:38 PM |
|
|
as above - its worth covering your essential bills as well as the mortgage. Always recommended and used a company called Paymentshield
(http://www.paymentshield.co.uk/consumer/mppi/default.aspx) previously through my work in Financial Services.
|
|
|
smart51
|
| posted on 27/1/09 at 08:11 AM |
|
|
I cancelled the one I had. It would only cover 12 months of payments in the whole policy. Adding up the monthly payments, You'd cover 12
months of payments in just a few years. I decided to "self insure". Check what you get carefully as it might not be worth the premiums.
|
|
|
nick205
|
| posted on 27/1/09 at 10:55 AM |
|
|
IMHO you're better off stashing the would be premium in the best savings account or ISA you can find. The money will build up after a year or
so and be available to give you the same safety net as most/any policy ould give you. Most importantly the money remains all yours and not the
insurers. If you never need it you still have it - the insurer won't ever give it back 
|
|
|
tomblyth
|
| posted on 27/1/09 at 01:00 PM |
|
|
I may be reviewing my position as the government saftey net is chanding to 3 months
|
|
|
Hellfire
|
| posted on 27/1/09 at 01:15 PM |
|
|
I did the same as Smart51 for the same reasons
Phil
|
|
|
