For many of us, one of our biggest fears is not being able to pay the mortgage or meet other financial commitments should we find ourselves made redundant or unable to work through illness or accident. While there are a number of ways in which you can protect yourself against loss of income, one of the more controversial forms of cover is payment protection insurance (PPI). What is PPI? PPI is designed... 

Do you really need Mortgage Life Insurance? Should you say ‘No’ to your banks mortgage insurance Before you sign on the dotted line to purchase Mortgage insurance, think twice! While on the surface buying mortgage insurance appears to be a sound decision to protect your loved ones from losing their home in case of death. This may not be financially the ideal way to go if you are really... 

By Vinay Garg 1. Mortgage payment protection insurance This sounds great in theory – your mortgage is covered if you are unable to work for a period owing to illness or unemployment. Thankfully, these policies are optional, which is just as well since they are exorbitantly expensive. For every pound policyholders spend on this cover, typically less than 20-25p is paid back in claims. The upshot...