Independent Residential Mortgage Advice

Protection

In addition to the mortgage advice we offer, we are also able to provide all of your protection needs. We offer a full range of services:

• Life Cover
• Critical illness cover
• Accident, Sickness and Unemployment Cover
• Buildings and contents insurance
• Income Protection
• Family Protection

Mortgage Protection and Critical Illness Cover. It is always advisable to take out life cover to ensure your loan is repaid should you die or contract a critical illness during the mortgage term. This is designed to provide a lump sum to pay off the outstanding amount of your mortgage whether it is an interest only or a repayment loan.

We can help you to determine the type of cover that meets your requirements. We will provide you with detailed quotations for all the benefits, tailored to your specific needs.

Accident, Sickness and Unemployment Cover is an insurance that will provide you with a regular income for a specific period, usually up to a maximum of two years. This covers your mortgage repayments and may cover your home and contents insurance too. After a specified period, the insurance will cover your mortgage payments from the first day of your unemployment, accident or sickness - preventing your mortgage from falling into arrears and your house being repossessed.

Income protection This type of plan is designed to replace your salary and will provide a tax-free income if you are unable to work through disability. The policy pays a monthly tax-free income until you recover - right up to retirement date if needs be and the payout can be level or set to rise with inflation.

The maximum cover you can have is typically half of your gross income but as it is paid tax-free it should mean that you can maintain a similar level of take home pay. However, some employers provide this cover as part of your overall employment package - so check these details first.

Everyone should have this cover, because the State simply does not provide adequately.

Building and Contents Insurance. Your mortgage lender will insist that your property is insured whilst your mortgage is outstanding. Buildings insurance is necessary to protect your own and their interest. Protecting the contents in your home is equally important as well.

We can help you to arrange all these types of insurance.

Call or email us for a quick quote: Tel: 01926 470442.