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mortgage payment protection insurance

2 replies

fragglerocker · 06/12/2011 20:38

any advice? I am trying to get our finances in order and have managed to get a few of our outgoings a bit cheaper. Our mortgage ppi is the last on my list. I don't know much about it tbh and we took out the policy as it was the cheapest at the time. We are currently with Halifax and it is £36 a month. Does it depend on your circumstances as to how much it is? I only work part time now does this make a difference? I think we only have 50% cover, so if one of us is unable to pay, the insurance only pays half the mortgage. I am hoping to find it cheaper but is ppi one thing that stays the same no matter what? Like I said I don't really know much about it and I find insurances and policies a bit confusing so apologies if I sound a bit ditzy Blush

OP posts:
jollydiane · 06/12/2011 23:13

This guide might help here

fragglerocker · 07/12/2011 07:13

Thanks I will have a look, laptop running slow at the mo! I found a cheaper policy online for £18 a month and that is with full payment cover but I've never heard of the insurers - 'British insurers'? Am a bit wary of giving my money to someone Ive never heard of!

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