It's important to remember that once you have your mortgage you do need to consider carefully what would happen if you were unable to make repayments due to a change in your personal circumstances. Below is general information on the types of products available to you.
Life Insurance
To ensure the mortgage is paid if you die. Cover can be arranged on an individual basis or if you are buying with someone else joint. The type of life assurance you choose and its cost are determined by the type of repayment method you chose.
Critical Illness
This provides a lump sum which could be used to pay off your mortgage in the event that you suffer a critical illness such as a heart attack or cancer.
Income Protection
This provides you with a replacement income to cover your mortgage and associated payments if you are unable to work due to sickness or accident. This will help you to maintain your monthly mortgage payments.
Unemployment Cover
This will provide short term income cover to pay your mortgage and associated payments if you become unemployed.
Contact us for a free chat about you mortgage requirements.
