The very model of a modern mortgage plan.
Mortgage payment protection insurance is seen by the Government as the way forward. Adele Burton assesses its value for money.
Mortgage payment protection insurance is one of the most common formsof mortgage protection alongside income protection, critical illness and
life insurance. However, despite the Government aiming for 55% of mortgage
holders to be covered by MPPI by 2004, how viable is it as a form of
mortgage protection?
At the end of December 2000, according to the Council of Mortgage Lenders,
21% of mortgage holders had MPPI - a total of 2.4 million policies.
However, if the Government is to reach its quota
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