When taking out a new mortgage or re-mortgaging your existing home, it is important that you assess your financial situation fully and establish any shortfalls in your financial protection needs.
As part of our mortgage process, we will help you understand and establish the shortfalls you have in cover, and will understand what you see as a priority. Our recommendations are personal to you, and your circumstances. Below are some of the things we will look at together to ensure you and your family can stay in your home no matter what happens.
Probably the best known cover when taking out a mortgage. Should the person on the policy die, the policy will pay out the amount insured. Typically for a mortgage we will look at two types of policy.
Level term assurance: this is where the amount insured for a set period of time does not decrease, making it ideal for an interest only mortgage.
Wills are not regulated by the Financial Conduct Authority.
As with all insurance policies, conditions and exclusions will apply.
Our team are on hand to give you a call to discuss your needs and source a mortgage that works for you. Simply fill in the form and we’ll be in touch!
There may be a fee for arranging a mortgage and the precise amount will depend on your circumstances. This will typically be £495 payable on application.
Your home may be repossessed if you do not keep up repayments on your mortgage.
You may have to pay an early repayment charge to your existing lender if you remortgage.
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