Why do I need it?

Protection for the unexpected.

If you lost your job through unemployment, or were unable to work owing to an accident or illness, how would you meet your mortgage repayments? With recent cuts in State support, it is unlikely you would receive any help from the Government.

An affordable way to protect your home

Taking out a mortgage to buy a home involves a long term financial commitment. However, if your income is reduced through no fault of your own - by accident, illness or unemployment - then you could have a problem. These days, life is full of uncertainties. For many people, having to keep up mortgage payments has proved unexpectedly difficult through no fault of their own. Try to imagine how you would cope if you became unemployed or had an accident or illness which affected your income.

What about State benefits?

Since 1995 all new borrowers have to be off work for 9 months before the Department of Works and Pensions will consider providing assistance. Even then benefits are means tested and if you have savings you may still not get any help. All homeowners are being urged to protect themselves and their families using mortgage payment protection insurance.

The Stroud & Swindon insurance scheme

Provides specially designed protection at a low premium. This can be included in your monthly mortgage payment. To work out how little it can cost call for a quotation:

08457 25 24 23

Telephone calls may be monitored and recorded to help staff training, customer service and for the the purposes of security and fraud prevention.