Mortgage Protection Insurance
Protect your mortgage with the right insurance
A mortgage adviser who can help you get the right protection for your mortgage.
The No-Fee Mortgage Broker
Mortgage Insurance Protection
Peace of Mind for You and Your Family
Below is a very simple overview of the most popular options that are competitively available from Search Mortgage Solutions:-
Level Term Life Insurance
This provides a fixed lump sum payment should you die within the term of the policy. Note that a joint policy covering two people pays out the total amount of cover at first death.
Mortgage Protection Life Insurance
The amount of cover reduces each month during the term of the policy. It is calculated to be enough to equal the amount of mortgage outstanding under a normal repayment mortgage. Again, a joint policy covering two people pays out the total amount of cover at first death.
Add Critical Illness Cover
Enhance your Level Term Life Insurance or Mortgage Protection Life Insurance by adding Critical Illness Cover. This provides a lump sum payout if you’re diagnosed with a serious illness, offering financial security when you need it most. A joint policy pays out on the first claim.
Income Protection Plans
These plans will provide a monthly income in the event that you are unable to work due to accident, sickness and the benefit can be payable for the term of the mortgage.
Accident Sickness & Unemployment Policies
There are many types available but all policies of this type only payout for a limited period of time, typically one or two years or until you return to work.
Buildings & Contents Insurance
A wide range is available for home owners, landlords, and tenants for peace of mind against all risks to your property such as fire, burglary, flooding, etc.
For impartial information about insurance, please visit the website at https://www.moneyhelper.org.uk/en
Mortgage Protection Manchester
Sadly, many families will one day experience the trauma associated with the death or serious illness of a loved one.
We all try not to think about such things but it is very wise to give serious attention to insurance cover for the main family earners just in case the unforeseeable occurs. There are many options available for different forms of protection against the unexpected.
Free no obligation comprehensive advice
We offer free no obligation comprehensive advice to guide our clients towards the most suitable and most competitive solutions for their total long term peace of mind.
Frequently Asked Questions
Answers to Your Mortgage Protection Questions
We simplify the mortgage insurance process, offering expert advice and support, so you can focus on securing the best deal for your home.
Do I really need mortgage protection insurance?
Mortgage protection isn’t legally required, but it provides peace of mind knowing that your home and loved ones are financially secure if the unexpected happens. Without it, your family may struggle to cover mortgage payments if you were unable to work or passed away. We can help you explore affordable options that fit your needs.
Isn’t mortgage protection expensive?
The cost of mortgage protection depends on factors like your age, health, and the level of cover you choose. Many people are surprised at how affordable it can be, and we’ll help you compare policies to find the best cover within your budget. A quick chat with us could save you money in the long run.
I already have life insurance, do I still need mortgage protection?
Life insurance is great for general financial security, but it doesn’t always guarantee your mortgage is fully covered. Mortgage protection is designed specifically to ensure your home is paid off, so your family won’t have to worry about repayments. We can review your existing cover and advise on whether additional protection is necessary.
What if I have a pre-existing health condition? Can I still get cover?
Yes! Some insurers offer policies even if you have health conditions, though the terms may vary. We work with a wide range of providers, including specialists who consider applicants with medical histories, so you may have more options than you think.
Will my policy actually pay out if I need it?
Yes, reputable insurance providers have high claim approval rates. The key is having the right policy in place, so there are no surprises when you need to claim. We ensure you understand the terms of your cover, so you can be confident your policy will support you when it matters most.
I don’t have time to sort this out, how long does it take?
Getting mortgage protection set up is quicker and easier than you think! We do all the hard work for you, comparing policies, handling paperwork, and ensuring you get the best deal. A quick chat could put the right cover in place and give you long-term peace of mind.
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