Mortgage Insurance Calculator

There are different types of mortgage insurance:

• Mortgage repayment insurance - this is where you insure your mortgage repayments in the event that you are unable to work due to sickness, injury or unemployment.
• Mortgage life insurance - this is where you protect your life so in the event of your death your dependents will have funds to pay off any mortgage liability. As an add on you can opt for critical illness insurance which means that if you are diagnosed with a specified critical illness or condition there will be a payout made to you.

For mortgage repayment insurance see the calculator below which will provide quotes based on your requirements. This cover will give you 12 months repayment protection up to £2,000 pm tax free.

With short term mortgage insurance repayment protection you could need financial protection to cover such things as:

• Mortgage repayments
• Utility bills
• Council tax
• Monthly shopping bills

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The mortgage calculator may take into consideration certain variables including:

• Type of cover e.g. accident and sickness only
• The amount of cover you want
• The deferment period i.e. when you want the cover to begin

We strongly advise you to compare different insurance quotes in terms of the cover and premiums they offer.