| If you are self-employed or
are working on a contract then it is still possible to
procure UK mortgage protection insurance to give yourself
security.
Most UK insurance companies should accept your application
as a self-employed or contract worker, but it is in
your interest to ask an insurer if they will protect
self-employed people or contract workers before you
waste time filling out lengthy application documents after getting your mortgage deals.
In such cases it is even more important than ever to
find out under exactly what circumstances you will be
eligible for unemployment benefits, as regulations are
likely to be more complicated with property mortgage protection
insurance for the self-employed or contracted employee.
Speak to your insurer before you take out your insurance
if their is any wording that confuses you and ask them
to explain in layman's terms exactly what cover you
are being offered as part of the mortgage payment protection
cover.
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