Protection Advice
If you can’t come to us we can quickly set up a video or phone appointment.
We have put together some key mortgage and protection FAQs from the questions we have been fielding from clients. Please do feel free to call if you have any other questions, we are here to help.
Indemnity insurance, like all insurances, covers risk. Indemnity insurance ‘indemnifies’ someone against the consequences of a known, but perhaps unquantifiable, risk.
Critical illness cover usually covers against a myriad of critical illnesses including, heart attack, stroke, MS, certain stages of cancer and perhaps even injury incurred as a result of a car accident.
Here is Maia from our protection team taking about mortgage protection and the different types of insurance and why you should speak to a specialist adviser when buying insurance.
Here is Maia from our mortgage protection team discussing the different types of insurance to ensure that you are correctly protected using the most suitable provider.
Here is Maia, protection adviser here at Mortgage Required talking about the importance of Life Insurance and how your family would cope financially if you were to pass away.
In most cases a mortgage lender will insist of life cover to cover the debt secured on the property. In addition, you might decide that you want to leave a lump sum to cover for expenses in the immediate months or years after your death.
Many consider life insurance to be a mere ‘bolt-on’ to the mortgage itself but where the life insurance sum is large the selection of the right policy is worth taking some time to consider.
There are a variety of different types of protection available to you and if you have a mortgage it’s worth considering which type best suits you and your family.
Around 14.5 million UK adults have a mortgage but only 50% hold any sort of Mortgage Protection, leaving the rest at risk of losing their home if they are affected by unforeseen events…
Critical illness insurance usually pays out in the event that you suffer from one of a variety of serious conditions including heart attack, stroke, certain types and stages of cancer, multiple sclerosis, etc or injury
Long-term income protection is an mortgage insurance policy that is designed to cover you if you're unable to work due to injury or illness.
Terminal illness cover pays when the policyholder is diagnosed as having an illness which is likely to cause death in the near future. The ‘near future’ can vary but it’s usually either six or twelve months. Many life insurance policies include terminal illness cover for no additional charge.
Most of us have everything we own in our homes and the idea that it could all be lost to fire, theft of some other calamity that could otherwise have been insured is a sobering thought.
Sometimes, the terms life insurance and life assurance are used interchangeably but it is important to realise that they are very different products.
Both Payment Protection Insurance and Mortgage Payment Protection Insurance are forms of ASU. Accident, Sickness and Unemployment Insurance is usually taken when someone is concerned about how they would meet their obligations were they to be incapacitated by accident, sickness or unemployment.
As a professional, responsible company Mortgage Required believe all clients should be aware of the risks associated with every loan. With this in mind we offer all customers a free protection review.
A will is a means by which a person may set out their wishes in respect of their estate in the event of their death. It might detail the deceased’s wishes for funeral arrangements and go into as much or as little detail as required, perhaps even detailing music and a venue for the wake!
If you have a mortgage, you are required to insure your house against potential damage, subsidence, fire and other risks. You will also want to protect the value of your contents against these risks and theft.
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Your home may be repossessed if you do not keep up repayments on your mortgage.
There will be no fee for Mortgage Advice. There may be a fee for arranging a mortgage. The precise amount will depend upon your circumstances, but we estimate it to be between £399 and £599.
Mortgage Required Ltd, Finance House, 5 Bath Road, Maidenhead, SL6 4AQ is authorised and regulated by the Financial Conduct Authority reference 573718 at www.fca.org.uk.
The Financial Ombudsman Service is an agency for arbitrating on unresolved complaints between regulated firms and their clients. More detail can be found on their website: www.financial-ombudsman.org.uk
Call: 01628 507477