Geoff Penrice BSc (Hons) Dip PFS

  Honister Partners Ltd.

  Telephone: 0207 743 9114

  Email: geoff.penrice@honisterpartners.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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Honister Partners Ltd is an appointed representative of Sage Financial Services Ltd, which is authorised and regulated by the Financial Services Authority. Sage Financial Services Ltd is entered on the FSA register (www.fsa.gov.uk/register) under reference 150452.

The information and content of this website is intended for UK consumers only and is subject to the UK regulatory regime. The FSA do not regulate some forms of mortgages.

Honister Partners Ltd. -  Registered Office: 1 Nicholas Road, London W11 4AN. Registered in England and Wales No. 06923303.

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 Geoff Penrice, Honister Partners Ltd. 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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