Antony Devine, BA ACA Dip PFS

  Bates Investment Services Ltd.

  Telephone: 08700 427 900

  Email: antony.devine@batesadvice.com

  Independent Financial Advisers

Mortgage Protection Insurance: 

Pays a single lump sum, which is designed to be equal to the outstanding balance on a repayment mortgage. Therefore, in the event of death, the mortgage should be paid off.

This is a Decreasing Term policy (an alternate name): a claim at the beginning of the policy will pay substantially more than one made just before the end of the policy. Because the cover decreases,  the risk to the Insurance Company is less, and so the premiums are cheaper than for the equivalent level term policy.

This cover should not be confused with cover for mortgage repayments. Such cover can be obtained through an Accident, Sickness and Unemployment (ASU) policy, or through income protection insurance.

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Bates Investment Services Limited is authorised and regulated by the Financial Services Authority, and is a wholly-owned subsidiary of The Money Portal plc. 

Bates Investment Services Limited is entered on the FSA register under reference 154229.

Registered Office: 1 Threadneedle Street, London, EC2R 8AY.

Registered in England and Wales Company no. 3434648.

The FSA do not regulate some forms of mortgages.

The material in this site is subject to the UK regulatory regime, and as such is primarily aimed at UK consumers. Neither Antony Devine, Bates Investment Services nor the site owner Financial Elite Limited is responsible for the accuracy or content of any information contained on websites linked from this site, nor for errors or omissions which may occur within this site. 

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