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Mortgage Payment Protection

How Would You Pay Your Mortgage Without An Income?

At some point during our working lives, every one of us are exposed to the risk of accident, sickness or even unemployment. There are all kinds of reasons why you could find yourself without an income.

Unfortunately, when your income dries up, the bills don't. Which means you end up adding financial worries to everything else. But there is a way you can protect your mortgage payments and other financial commitments.

Mortgage Payment Protection Insurance from Scarborough Building Society is the simple, affordable way to have your mortgage repayments paid for you for up to 12 months should you ever suffer from an accident, sickness or unemployment.

• Nearly 32.9 million working days are lost due to accidents and sickness each year in the UK*.
• In the 12 months up to September 2007, there were 670,000 people in the UK made redundant*.

When you consider these worrying statistics, you'll realise how valuable Mortgage Payment Protection Insurance is. The peace of mind it provides will leave you free to make a full recovery or to look out for a new job, should the unexpected happen.

Cover Options

With Mortgage Payment Protection Insurance you can choose the level of cover you need:

• Accident, sickness and unemployment cover, or
• Unemployment only cover
• You can change your cover at anytime.

What are the benefits?

• Protects your mortgage repayments plus upto a further 25%, if your monthly payment is less than £1,500, if you require, for a maximum of 12 months in any one claim.
• You can protect up to a maximum of £1,500 per month.
• Cover is available for joint mortgage customers, and can apply to either the main income earner, or to both customers. Each customer can choose the level of cover they need up to a combined 100% of the monthly benefit.
• Quick and efficient claims service.
• Monthly benefit is calculated and accumulated on a daily basis.

Back to Work

Plus, if you have to make a claim you will receive details of our Back to Work services which are free, confidential and independent. You can get expert advice on dealing with redundancy, seeking work, career changes and benefits paid by the state. It can really help when you are looking to find employment.

If your claim is for accident or sickness you can get expert advice to help you understand your condition and where practical we can arrange additional help to speed your recovery.

Next Steps

For more information about our Mortgage Payment Protection Insurance, please call us direct on 0845 634 3776^† or call into your local branch.

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