We are offering one of the best Mortgage Payment Protection Insurance policies available:

• Premiums as low as £2.45 per £100 of monthly cover
  Upto 50% cheaper than rates charged by the high street lenders*
  Click here for an instant quote.
  
  
• FREE COVER for all policyholders
  All policyholders get 3 MONTHS FREE COVER. Click here for more information.
  
  
• Back-to-day-one cover
  Tax free benefits are paid from the first day of your claim. Click here to find out more.
  
  
• Upto 25% additional cover
  Cover household or other expenses when you need the money most.

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Click here to explore all the features of this Mortgage Payment Protection Insurance policy.

*A recent survey by The Times newspaper indicated that the average cost of Mortgage Payment Protection Insurance from the UK's top ten lenders was £5.78 per £100 of monthly cover.

Mortgage payment protection insurance need not cost a fortune.

The UK economy is now growing at the sluggish rate of 1.7% - the slowest economic growth in a decade.

With the sword of Damocles hanging over so many heads its not surprising that people are increasingly taking out mortgage payment protection plans. This specialised type of insurance, also known as accident, sickness and unemployment insurance, enables mortgage borrowers to hedge their bets against the treat or redundancy or ill-health.

The Council of Mortgage Lenders says that 22% of all mortgages are now covered by mortgage payment protection insurance, up from 16% in July 1999. During the past three years the number of mortgage payment protection insurance policies taken out has leapt by 700,000.

Whilst it is encouraging that more people are taking out mortgage payment protection insurance, research carried out by Ely Insurance has found that mortgage borrowers are not shopping around form mortgage payment protection insurance cover. Loyal consumers are paying the price of apathy.

We calculate that borrowers are charged thousands of pounds over the odds for their payment protection insurance cover, the cost of which varies dramatically from Cheltenham & Gloucester who charge £7.70 per £100 for their payment protection insurance to Ely Insurance who offer mortgage payment protection insurance at only half the cost.

Roger Spears, proprietor of Ely Insurance says that the quality of mortgage payment protection insurance cover is exactly the same despite the difference in cost.

Some financial advisers argue that borrowers need not take out mortgage payment protection insurance but instead rely on savings, but The Council of Mortgage Lenders believe that it is essential for homeowners to take action to protect themselves.

Mortgage Payment protection insurance polices will cover the full mortgage payment if a policyholder falls ill or is made redundant, but continuous employment of six months has to be completed before a successful mortgage payment protection insurance claim can be made.

Most mortgage payment protection insurance polices cover the self-employed, but they will need to check the small print to ascertain if this insurance is appropriate for them.