Decreasing Mortgage Cover
Its aims
The plan is designed to protect your mortgage. It provides either or both of:
A cash sum called life cover if you die during the term of the plan
A cash sum called lifestyle benefit if you suffer one of a range of specified critical illnesses or have one of a range of specified operations during the term of the plan.
The term is the number of years the plan will run. The amount paid out gets smaller every month and could be used to pay off a repayment mortgage.
All our advisors at MLM are trained to the highest standard possible to ensure they are able to find the best deal for your financial circumstances.
Think carefully before securing other debts against your home.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The information on this website is for the use of residents of the United Kingdom only. No representations are made as to whether the information is applicable or available in any other country which may have access to it.
MLM Financial Ltd are appointed representatives of Openwork Limited who are authorised and regulated by the Financial Services Authority
Openwork Limited offers insurance and investment advice on products from a limited number of product providers and advice on mortgages representative of the whole market.
