Mortgage Solutions

We will help protect you with Life Insurance should you die, Sickness Accident and Redundancy Insurance to replace your income and Buildings & Contents insurance to protect your home. Whilst life may be going well now, none of us know what is around the corner. So what if something goes wrong that you haven't expected or planned for?

With every new mortgage it pays to check that your existing cover continues to meet your changing priorities, whether that means you are increasing your mortgage, growing your family

As a guide, these are the key areas of protection you should consider:

Life Assurance:
As a minimum, life assurance would typically be taken out to ensure the mortgage is fully repaid on death rather than the property having to be sold to repay the outstanding debt. In addition, you can also take out family protection to cover the loss of earnings to give you extra peace of mind.

Critical Illness:
The inability to repay a mortgage or maintain a lifestyle for you and/or your family may also occur should you become seriously ill. Critical illness cover will pay out a lump sum which can then be used to repay your mortgage, replace a valuable income, or support any other expenses such as long term care, subject to a valid claim.

Income Protection:
You can protect your income in the event of you not being able to work due to an accident, illness, or unemployment. Any of these circumstances could result in payments being missed which ultimately could lead to you losing your home. Our advisers will explain how income protection can be tailored to your individual circumstances such as ensuring the policy complements the cover that may be provided by your employer, and/or budget restraints.

Buildings & Contents:
It is usually a condition of your mortgage that you take out buildings insurance to protect your home. For your peace of mind, it is also important to arrange adequate contents insurance so that your belongings are covered against things like fire, theft and flood.

For insurance business we exclusively arrange products from Legal & General.

Facts:
1 in 8 men aged 30-49 and 1 in 12 women aged 30-49 in the UK may die before they reach 65 (source: Government Actuary's Department - Interim Life Tables based on data for the years 2004-2006)

Over 46,000 properties were repossessed in 2009 and in terms of people with payment difficulties, 188,300 mortgages ended the year with arrears (source: The Council of Mortgage Lenders)

1 in 5 British workers have no insurance and hardly any savings to fall back on (source: Alliance & Leicester Research December 2006) How much cover do I need?
This will depend on your mortgage amount. One of our expert mortgage advisers will help you through the process step-by-step, working out how much cover is needed and the cost. They will even take care of all the protection paperwork for you, so you don't need to worry about a thing.
How much cover do I need?
This will depend on your mortgage amount. One of our expert mortgage advisers will help you through the process step-by-step, working out how much cover is needed and the cost. They will even take care of all the protection paperwork for you, so you don't need to worry about a thing.

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

A fee may be charged for mortgage advice. A typical example is £500. The precise amount will depend on your circumstances.

Tel: 0845 2911104
Email: info@mortgage-advice-wales.com