Leaving your loved ones to face the risk of not being able to continue mortgage payments if something happened to you, is well worth protecting against. Mortgage protection is essential for anyone who has dependents. It is designed to:
- Pay off any outstanding mortgage on the death of the policyholder
- Secure the financial future of your family
- Allow for joint cover with your spouse or partner
Mortgage Protection pays out a decreasing sum of money over a chosen term. If you were to die during the term then the policy would pay out the decreasing sum, (designed to fall in line with the reducing mortgage debt) tax free as a lump sum. This could then be used to pay off any outstanding balance on your property, so your nearest and dearest could continue to live in the family home without worrying how to pay the mortgage, at an already difficult time.
Doctors Mortgages Online offers mortgage protection plans from a range of handpicked providers, allowing our medical mortgage brokers to help you find the right solution for your individual needs.