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Our focus is helping you find the right mortgage based on your requirements, by offering a personal and professional service. Choosing the right mortgage will be one of the most important financial decisions that you make!

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Mortgage Protection

1. Mortgage Payment Protection Policy

Independent Mortgage Payment Protection Insurance can help you protect your mortgage payments and other household costs if you become unemployed or suffer an accident or sickness (this is known as a disability).  You can insure your monthly mortgage payment, monthly life premiums and the monthly cost of your buildings and contents insurance. 
 
2. Type of Cover Available - the following options are available to you:

* Unemployment and Disability insurance cover
* Unemployment only insurance cover
* Disability only insurance cover’

3. How the policy works:

You choose the type and level of cover that is appropriate to your own particular demands and needs
You pay the premium as it falls due
With many policies monthly benefit may be paid for up to 12 months if you are unable to work due to unemployment or a disability
Unemployment and Disability cover will provide you with the maximum level of protection in the event of a claim.

4. A typical policy will allow cover if:

* You are 18 to 64 years of age and you live and work in the United Kingdom (including the Channel Islands and Isle of Man)
* You are actively working for a minimum of 16 hours per week
* You are taking out this policy to protect the mortgage payments on the private residential property you live in
* You agree to keep to the policy conditions.

5.  A typical policy will not cover you if:

* You are not personally named on the mortgage agreement
* You are acting as a guarantor on the mortgage
* You are aware of any impending unemployment
* Your work is casual, temporary or seasonal (including working for a temporary employment agency) or unemployment is a regular or re-occurring feature of your job
* You are currently unable to work due to a disability.  (This does not apply if you are on maternity leave, paternity leave, adoption leave or parental leave).

The eligibility requirements are shown above in section 4.

6. The number of people who can be insured:

If your mortgage is in your name only, or you have a joint mortgage and you are the only person who is eligible for cover, a single cover may be issued single cover in your name and you will be insured for 100% of the monthly benefit.

If your mortgage is in joint names and both of you are eligible for cover, you can:

* Take out single cover in your name and you will be insured for 100% of the monthly benefit (subject to you being the main income earner), or
* Take out split cover in joint names and you will both be insured for a percentage of the monthly benefit.  If you make a claim, the insurer will divide your monthly benefit in the same percentage as the normal income of each person at the start of the claim.

7. Unemployment cover:

If you have permanently lost your employment or self-employment due to circumstances that are entirely beyond your control, then subject to the policy exclusions the insurer will pay unemployment benefits if you are registered as being unemployed and available for work at a benefits office (unless you are exempt).

You must also provide the insurer with satisfactory independent evidence that you are actively looking for permanent work.

Alternatively, the insurer will pay unemployment benefits if you cease to work in order to become a full time carer for a member of your family and you are in receipt of carer’s allowance.

8. Disability cover:

Subject to the policy exclusions, the insurer will pay disability benefits if you are unable to work as a result of the disability you are claiming for and you are not receiving any form of payment other than your normal or statutory sick pay.