There are a number of protection products available today designed to help you meet your mortgage commitments in the event of long term illness, unemployment, critical illness or death.

You should consider mortgage protection products if:
. You have a partner
. You have children who are dependent on you
. You have any ageing relatives depending upon you for support
. Your pension or savings will not be enough to protect your dependants if you die
. You are single and do not wish to leave your debts to someone else to sort out.
. You are wanting to help safeguard your business / estate

These can be met in the following ways:

Mortgage Life Insurance?

Mortgage Life Insurance will pay out a cash sum if you die, or are diagnosed with a specified critical illness(at an additional cost) during the plan term, which could help to pay off the outstanding balance of your mortgage. Over time, the level of life insurance provided by the plan falls to reflect your reducing mortgage loan, so you are only paying for the cover you need.

Why do I need to protect my mortgage?

For most of us, the largest financial arrangement we ever make is the mortgage we use to buy our house. However, arranging the mortgage is only part of the house-buying process, you will want to ensure that should the worst happen, there are funds available to help clear the loan and safeguard your family's home

Critical Illness Cover (Can be added to the above or arranged separately.)

What is Critical Illness Cover?
Critical Illness Cover is an insurance plan that pays out a guaranteed cash sum if you're diagnosed as suffering from a specified critical illness, within the term of the plan. The plan has no cash-in value at any time.

Why do I need it?

Should you be unfortunate enough to suffer a critical illness, the last thing you'll want to be worrying about is money. Advances in medical science mean that the chances of surviving a critical illness are improving all the time. The cash sum you'd receive from a critical illness plan could help you through the recovery period. You may have to reduce your working hours, need to pay for medical care or have to adapt your house to make your day-to-day life easier. A critical illness plan could help all of this and more.

Mortgage Payment Protection:

A Guide to Mortgage Payment Protection Insurance.

What would happen to you if you were made redundant or suffered a serious illness or accident which prevented you from working for some time. How would your finances bear up under the strain? What is more important, could you continue to make your mortgage repayments or would your home be at risk? House prices are currently at a high and for those who have brought a house in the last few years that can mean a corresponding high mortgage. A high mortgage will have high monthly mortgage repayments and can easily eat away any savings you have. Few who have recently purchased a house will have any large savings in hand as it is normal practice to use your savings to increase your deposit on the house and thereby reduce your mortgage borrowing. Some choose to rely on state benefits to provide them with a safety net in the event of the worst happening but that safety net may not always be as reliable as you might think. Your partner may be in full time work or you may have a level of savings which stops the state safety net from fully applying. Even if you qualify for state assistance it will usually only assist with the interest part of any mortgage payment and then be limited to mortgages up to £100,000. Also state assistance with mortgage repayments will not be available for the first nine months for those mortgages taken out after October 1995. Mortgage Payment Protection Insurance (MPPI) is designed to provide a level of assistance with mortgage and associated repayments if the insured person is unable to work through illness, injury of involuntary unemployment. The monthly benefit payments under the Mortgage Payment Protection Insurance policy are paid out up to a maximum period of benefit which is usually either 12 months or 24 months. The Mortgage Payment Protection Insurance policies usually charge a fixed premium rate based of the amount of monthly benefit purchased. There is no loading for smokers, age, vocation or physical history but please note that it is normal to exclude Mortgage Payment Protection Insurance cover for medical conditions which pre-exist the start of the Mortgage Payment Protection Insurance cover. The majority of Mortgage Payment Protection Insurance covers will protect both interest and capital monthly repayments of the mortgage and under some Mortgage Payment Protection Insurance policies the benefit amount can include associated costs such as endowment premiums and house hold insurance premiums.

How much and which cover will I need?
This will depend on your own personal circumstances. However, we will help you through the process step-by-step, working out how much cover is needed and the cost. They will even take care of all the protection paperwork for you, so you don't need to worry about a thing.