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Speak to PMS for an initial consultation to assess your affordability and an indication of the type of borrowing available to you within the mortgage market.
A Mortgage Payment Protection plan is designed to ensure that you are able to continue to make your mortgage (a. other related expenditure) payments in the event of accident, sickness or unemployment.
Accident. Sickness and Unemployment cover or ASU usually pay benefits for up to two years however, if you are seeking a plan that pays fete longer period, then Income Protection insurance is generally more suitable. It’s worth noting that there is currently no legal requirement to have such cover and potential mis-selling of these products has generated much interest from the media and the industry regulator in recent years. However, this doesn’t mean that they are not right for some people and can provide valuable protection in the right circumstances.
Insurance services are referred to a third party. Purley Mortgage Solutions is not responsible for the service received.
Who is it for?
This type of plan is designed for those who are worried about being able to continue their mortgage payments in the event of losing income clue to accident, sickness or unemployment. It is extremely important that you take financial advice before taking out this type of plan as they are not always the best nor cheapest option. Please note for these insurance products terrns and conditions apply.
This information is a summary only. MO will receive a full policy document upon application. This policy will set out the terms, conditions and limitations of cover provided under the plan.
This Payment Protection Insurance is optional. There are other providers of Payment Protection Insurance and other products designed to protect you against loss of income. For impartial information about insurance, please visit the website at www.moneyadviceserviceorg.uk.
A typical monthly cost for Accident, sickness & unemployment Insurance is £2.35 for every £100 of monthly benefit.
Starting your protection journey with us:
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If your happy to go ahead PMS will book a full consultation either Zoom or face to face with your consultant. You will be given a mortgage approval in principle confirming your maximum borrowing and putting you in a very strong position when offering on a property.
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Once you have found a property we take care of everything else,
mortgage application, surveys, solicitors, searches and dealing
with any estate agents or developers on your behalf.
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Your dedicated case manager and your consultant will
be on hand to guide you through the whole process.
Buying a property can be the biggest decision made in our lives. Let us help out with the stress this can cause.
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