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It is good to become a self-reliant but when you are planning to buy a dream home in UK first time, you should be dependent on your family’s help due to a massive hike in real estate market in past few years.
As per the report published in The Guardian, more than five out of ten first time buyers purchase property only with their family’s help. So there is rare or no chances of financial help from family in the event of any illness or accident that make you unable to work.
In this situation an adequate MPPI (mortgage payment protection insurance) gives you a peace of mind. MPPI provider will pay the mortgage installment to bank on your behalf when you make a claim.
Normally MPPI policy covers the mortgage repayment costs up to 12 months or until you return to work. It depends on the cover you choose, although longer-term MPPI is also available in the market.
Which policy suits best to budget and requirement is the prime question for customer but with Freepricecompare you will surely get the most economic quote and comparison is quite hassle-free.
Get Quotes: https://freepricecompare.com/life-insurance/mortgage-protection/
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