When taking out a new mortgage, whether it’s for your first mortgage, home move, or remortgage, it’s the ideal time to review your insurance cover. You’re making a significant financial commitment, so you’ll want to know that you’ve got adequate insurance to protect your assets and give you peace of mind. We can help put those assurances in place for you.
From buildings insurance to income protection, we’ll help ensure you’ve got the right insurance cover to protect you, your family and your home.
Because we play by the book we want to tell you that...
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances.
The fee is up to 1%, but a typical fee is 0.3% of the amount borrowed.
For insurance business, we offer products from a choice of insurers.
When taking out a new mortgage or rejigging your finances, the main types of insurance you should consider having in place include:
- Life insurance – provides a lump sum or monthly payment to your designated beneficiary after your death.
- Critical illness insurance – provides you with a lump sum of money if you’re diagnosed with certain illnesses or disabilities.
- Income protection insurance – pays you a regular income if you can’t work because of sickness or disability and continues until you return to paid work or retire.
- Building and contents insurance – covers the cost to repair or replace following any damage to your house or its contents, including loss.
Finding insurance that offers the cover you need, without hidden exclusions and at a competitive premium, can be challenging and time-consuming. It’s also essential to scrutinise the small print as any discrepancies could invalidate a future claim.