SOME mortgage lenders continue to charge customers huge premiums for second-class mortgage payment protection insurance products, according to ww.protection-insurance.com.

MPPI protects mortgage payments and insurance premiums if you become unemployed or suffer a disability, meaning your home is safe from repossession until you get back to work.

Industry insiders state that an average commission will be around 70 per cent of the premium.

www.protection-insurance.com is currently offering new customers their first three months' MPPI cover free and all policyholders benefit from a “back-to-day-one” cover, meaning that claims are paid back to the first day of a claim.