Mortgage protection

Find cover for your mortgage payments – compare mortgage protection policies[1]

We’re sorry, but you can’t get quotes with unemployment cover right now because of Coronavirus. You can still compare and get cover for accident and sickness cover though.

What is mortgage protection insurance?

Mortgage payment protection insurance (MPPI) is a form of income protection that provides cover for your mortgage payments in case you’re made involuntarily redundant or find yourself unable to work due to accident or illness.

How does it work?

MPPI can cover your monthly repayments in full so long as they don’t exceed 65% of your gross annual salary and is available for both repayment (capital and interest) mortgages and interest-only mortgages.

Most plans that cover your mortgage will pay out for up to 12 months or until you return to work – whichever is sooner.

mortgage protection

Do I need it?

If you’d struggle to keep up your monthly mortgage payments when you’re unable to work, MPPI could be for you. If you’re self-employed and therefore wouldn’t receive any sick pay or a redundancy package, it could be worth considering MPPI.

Alternatively, you may wish to explore income protection, critical illness cover or mortgage life insurance as a more cost-effective choice.

The average value paid for income protection claims in 2019 was £20,425

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According to the Association of British Insurers (ABI)

How to get mortgage protection insurance

We make it really easy for you to compare your cover options

  1. Pick an option

    Choose cover for your mortgage to protect your payments. You can also choose to cover your income, loan or credit card repayments. Or you can choose ‘other’ to pick an amount

  2. How long do you want the cover to last?

    It could be for a set amount of years, until you reach a certain age or until your mortgage end date

  3. Let us know your details

    Tell us a little bit about yourself so we can get it sorted for you

What’s covered by mortgage protection?

You can decide what level of you require, when it comes to MPPI.

There are three options:

Choose the cover that you think best suits your situation. For example, if you know you’d get a good redundancy pay out, you might not need to take out unemployment cover.

Check whether your health insurance would cover your mortgage if you had a long-term illness too – you don’t want to be paying for the same thing twice.

Top tips for lowering the cost of your mortgage protection insurance

Protect your mortgage payments, just in case

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