Your mortgage is likely to be one of the biggest financial commitments you ever make. Having the right protection in place can help you, your family and your home cope if something unexpected happens.
At Your Mortgage, we’ll get to know your situation, budget and priorities before recommending suitable protection options from a range of insurers. The aim is simple: cover that does what you need it to do, without paying for things you don’t.
Family Income Benefit is designed to provide your dependants with a regular income if you die, rather than a single lump sum. If a valid claim is made during the policy term, it usually pays an agreed, tax free monthly or annual amount until the end date of the plan.
This type of cover can help replace lost income and support ongoing living costs such as bills, childcare and everyday spending, making it easier for your family to maintain their lifestyle.
Critical illness cover pays a lump sum if you’re diagnosed with one of the specific serious illnesses covered by the policy, such as certain types of cancer, heart attack or stroke, subject to the terms and definitions in the plan.
It can be taken alongside life insurance or on a standalone basis. A payout could help you adapt your home, clear or reduce debts, or simply give you financial breathing space at a difficult time.
Income protection is designed to provide a tax free replacement income if you’re unable to work due to accident or illness, including many physical and mental health conditions, depending on the policy terms.
The amount you pay will depend on how much cover you choose, how long it could pay out for and when payments would start after you stop working. Benefits normally stop when you return to work, reach the end of the claim period or the policy ends.
Home insurance helps protect your property and belongings if something goes wrong. Depending on the cover chosen, it can include buildings insurance (for the structure of your home), contents insurance (for your possessions) or both.
Policies can cover risks such as fire, flood, theft and some types of accidental damage, subject to the terms, conditions and exclusions of the insurer.
We know protection policies can be full of jargon. We’ll explain the different options in plain language, help you decide which types of cover are most important for you, and search products from a range of insurers to find suitable solutions.
If you’d like, we can also review your existing cover to check whether it still matches your current mortgage, family circumstances and income.
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Clear, honest advice We explain your options in straightforward language so you can make confident decisions.
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Access to thousands of mortgage products We search a broad range of lenders to find deals that fit your circumstances.
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Support at every step From agreement in principle to completion, we stay in touch and keep things moving.
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Tailored to you No two clients are the same, so we look at your income, plans and priorities before making recommendations.
The important small print
Your home may be repossessed if you do not keep up repayments on your mortgage or other loans secured on it.
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.