NFU Mutual Mortgage Insurance

NFU Mutual Mortgage Insurance. Fact! If you don't compare mortgage insurance protection quotes you will not get the best deal. Compare and save £1000's.

NFU Mutual stands for The National Farmers Union Mutual Insurance Society Limited. This company, unlike most others, is owned by the policy holders. That might explain its popularity in the UK. Since its foundation, NFU has grown from strength to strength through attracting client upon clients to become the insurance giant it is today and still growing bigger and stronger.

NFU mortgage cover is probably cheaper than you think.

The company promises that when taking an insurance policy with them, you’re placing yourself in safe hands and since they have been working on perfection for a century, they just might exceed your expectations.

About NFU Mutual Mortgage Insurance

The company was brought to life in 1910 by a group of 7 farmers, with a shockingly low capital of 190 pounds. Providing affordable insurance for farmers was a checkmate move on most insurance companies as this saw NFU Mutual grow tremendously and ceaselessly for the next hundred years after its inception. It operates only in the UK, the Channel Islands and the Isle of Man. It has over 300 local branches serving the UK, wielding a task force of about 5000 employees.

Mortgage insurance by NFU Mutual

When it is time to move out and get a new home for the family, it also means its time to make a lifetime purchase…the mortgage. This is not an easy loan one takes and quickly brushes off to the back of their minds for recall at the end of the month; hardly. On the contrary, a mortgage loan constantly chews at one’s mind as it tends to drain the family of cash for months after and months at the end. There’s also the constant fear of what would happen if the individual who took out the mortgage were to pass on or some calamity were to render him or her disabled and thus unable earn income. NFU Mutual steps into the picture to ensure that the burden brought about by a mortgage doesn’t grow heavier on the family of an individual in the event of the passing on of the policy holder or due to his or her disability. It offers this as mortgage temporary assurance, which assumes that the interest rate is fixed at 9%. This would be a convenient rate especially if an individual’s rate were lower since the people who make a claim for the cover would receive more than the needed amount to complete the outstanding mortgage balance. The specific premium depends a lot on the individual taking out the cover, but it is assuredly affordable for anyone.

Rival companies

New competitors are springing up from everywhere, each with their own particular angle. Newer companies include Direct Life Mortgage insurance Cover and Saga Mortgage Cover.

NFU Mutual Mortgage Insurance Reviews

Unfortunately, Review Centre casts no light upon NFU Mutual’s mortgage insurance. However, following this review about their home insurance link, one can tell that taking out mortgage insurance with the company is a marvelous idea.