Natwest Mortgage Payment Protection

smudge1984_2

Hi,

I currently have a MPPI product with Natwest but have just found out that they no longer sell this product. Does anyone know why they no longer sell this?
We are currently paying £43 per month on a £850 per month mortgage and I want to know if we are getting a decent deal or not. I have had a mortgage with Natwest since about 2005 and have always been paying this insurance and just want some advice as to if it was really worth me taking this out or if I need it anymore?
I get 6 months full sickness pay at work, followed by half pay for another 6 months. I also have a 4 x death in service benefit which would cover my mortgage payment in total with some left over if I were to die. I also have an extremely good redundancy package which pays out 6 weeks for every year I have worked for my company and I have worked there for 14 years.
Any advice would be greatly appreciated as this type of stuff is totally confusing to me.

Many Thanks in advance :-)

dunstonh

I currently have a MPPI product with Natwest but have just found out that they no longer sell this product. Does anyone know why they no longer sell this?

Banks have been cutting back on their regulated advice products and advice service. Plus, many have been moving to non-advice.

We are currently paying £43 per month on a £850 per month mortgage and I want to know if we are getting a decent deal or not.

Bank products are rarely best in value or best in quality. Even when using third party providers.

smudge1984_2

Thanks dunstonh. I think I'll have a look around and get some advice as really not sure I need this product anymore.