This stands for Mortgage Payment Protection Insurance and is a general term for mortgage insurance bought specifically to protect your monthly repayments.
Mortgage payment protection insurance. An MPPI policy pays your mortgage for you if you become unable to work for an extended period of time, as a result of redundancy, accident, sickness or disability. It should provide enough income to cover all your monthly mortgage expenses. If you have a repayment mortgage, this should be your capital and interest repayment and if you have an interest-only mortgage, the MPPI should cover your interest payment as well as your normal monthly contribution to the investment vehicle that will repay your loan.
Mortgage Payment Protection Insurance. A type of insurance to protect your mortgage repayments for a certain period in the event of disability or redundancy.
Mortgage Payments Protection Insurance. An insurance that will protect you against loss of income by helping you meet your mortgage payments if you are unable to work due to accident, sickness or unemployment.
Mortgage Payment Protection Insurance. This is insurance designed to pay your monthly mortgage payment for a limited period, usually a year, if you are unable to work through illness, accident or redundancy.
This stands for “Mortgage Payment Protection Insurance and is an insurance policy taken out to pay the mortgage payments if the borrower cannot work due to an accident, illness or redundancy.
Mortgage Payment Protection Insurance (See also ASU). This insurance is designed to cover the borrowers mortgage payments in case of accident, sickness or involuntary unemployment. N O
Mortgage Payment Protection Insurance . This insurance will pay an agreed monthly payment if you cannot work because of an accident, sickness or unemployment. This amount should cover your mortgage repayments.
Mortgage Payment Protection Insurance. See Accident, Sickness and Unemployment Insurance (ASU).
Mortgage Payment Protection Insurance taken out as a separate policy to protect your mortgage repayments. See also ASU.
Mortgage Payment Protection Insurance. Mortgage Glossary
Mortgage Payment Protection Insurance. In the event of an accident, sickness or involuntary unemployment befalling a borrower, this insurance will cover their mortgage repayments. Some Lenders attach mandatory insurance cover to their most attractive rates, although this is increasingly uncommon.
