Your home may be repossessed if you do not keep up repayments on your mortgage.
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Protecting your assets

You will most probably be familiar with how you protect your property, using buildings and home contents insurance.

…Are you as familiar with protecting your greatest asset - YOU?

A mortgage is likely to be the greatest financial commitment most people make. Your home (or buy-to-let investment) is still reliant on income being generated to support payment of the loan.

More Protecting your assets Insurance Services Types of Insurance Wills & Trusts Jargon Buster

Events that could stop you getting your income to then pay your loans

  • Short-term illness
  • Redundancy
  • An accident
  • A serious illness - such as cancer, stroke or heart attack
  • Death
  • Any of the above happening to your tenant in your buy-to-let.

You will probably have some existing plans and provisions (e.g. savings) in place already to help towards safeguarding this.

Events that could stop you getting your income to then pay your loans

How long will your current provisions last?

Our first step is to reassure you about this, recommending how best to use your current provisions.

Should we discover the need to research some other solutions, we will do so while being ever mindful of your objectives and budget.

For example, once you are legally committed to purchase, it is important that you have the correct level of cover in place from that point onwards, rather than completion.

How long will your current provisions last?

So, is protection only about the mortgage?

The first aim of protection is to help you keep your home (or property).

The second aim is to maintain you and your family's standard of living should one of the events mentioned earlier happen.

That said, it is unusual that a lender will make it compulsory to take out life assurance or other forms of protection.

  • We want to help you get the right quality of cover for your needs within your budget.
  • After we have assessed your needs, we will advise and make recommendations for you.
  • Our Terms Of Business will confirm the market place that we review on your behalf.

You will probably have some existing plans and provisions (e.g. savings) in place already to help towards safeguarding this.

So, is protection only about the mortgage?
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Inheritance tax planning, estate planning, will writing, trusts, commercial mortgages and some buy to let mortgages are not regulated by the Financial Conduct Authority.

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