Mortgage Protection

At The Mortgage Move, we prefer to look on the bright side! We know that thinking about “what ifs?” isn’t the most fun, but it’s a crucial step when you’re borrowing a substantial amount. The good news is that with the right insurance protection, you can stay in control, no matter what life throws your way. ‘Peace of mind’ might be a bit of a cliché, but it’s truly invaluable. After all, knowing that you and your loved ones are financially secure is the best way to sleep soundly!

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Should you fail to disclose or misrepresent a fact, then you risk the insurer only paying part of the claim, declining to pay all the claim and possibly, declaring the policy invalid.

Cover we offer

Life Insurance

Life insurance offers your loved ones a tax-free lump sum if something happens to you. It can help cover your mortgage, give your family a financial cushion, or even provide them with an ongoing income. While nothing can truly ease the loss of a loved one, life insurance can at least bring some financial peace of mind during a challenging time.

Income Protection

If you get sick or injured and can’t work, income protection will step in to give you a monthly income. This way, you can keep up with your mortgage and other expenses, and concentrate on getting back to full health.

Critical Illness Cover

Just like life insurance, critical illness cover provides a lump sum if you’re ever diagnosed with a serious illness. We’re here to help protect both you and your children, ensuring your family’s financial security in case one of these illnesses affects you. The specific illnesses covered are outlined in the policy, so it’s important to choose the right coverage if you have particular health concerns.

Buildings & Contents Insurance

To keep your mortgage lender happy, you’ll need to have insurance that covers the structure of your building, including all the permanent features. This way, if anything damages your property, your buildings insurance will help cover the repair costs for any covered events. Additionally, contents insurance will take care of your personal belongings.

Why do I need insurances?

 

While we don’t want to sound overly cautious, it’s important for us to make sure that a significant commitment like a mortgage doesn’t put you in a tough spot financially. Taking out a large loan is a big step, and it makes sense to be prepared for any unexpected bumps along the way. Life can throw surprises at us, and a mortgage can last up to 40 years, so it’s wise to think ahead.

We encourage you to consider what might happen if you faced difficulties in making your mortgage payments. Losing the home you’ve worked hard for would be really tough. Even if you don’t have a lot of possessions, it’s worth imagining how you’d cope if you suddenly lost them and had no way to replace them.

Making the mortgage journey simpler and more transparent

When you’re buying a property, you’ve got enough to think about without feeling pressured or uncertain. At The Mortgage Move, we’re here for more than just the paperwork. We’ll walk you through everything you need to know, and you can count on us to be available whenever you have questions. Let’s make your home-buying journey smooth and stress-free as possible, together.

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