Regardless of your mortgage lender, buildings insurance will be a compulsory condition of your mortgage, and must be in place before any contracts can be exchanged.
Critical illness insurance can protect both your home and family.
Critical Illness Cover is an invaluable insurance cover which takes the financial burden away whilst dealing with a critical illness, disease or disability. These policies vary a lot from provider and are tailored to the individual applicant.
It is vital when taking out CIC that the adviser fully understands your medical history and that you are fully aware of the illnesses that are covered within your policy. These policies can cover your children too.
Life insurance is just one step to securing your family’s future.
There are 2 main protection needs that life insurance can fulfil; leaving a lump sum of money for your family to live off when you are gone and paying off large financial commitments such as your mortgage to ensure your family home is paid off. Life insurance is a cost effective way to protect your family.
Income protection insurance will ensure that in the event of sickness or an accident, you will still receive a monthly income.
Income protection usually pays out until retirement, death or your return to work, although short-term income protection policies, which last for one or two years, are also available at a lower cost. Neither income protection or short-term income protection pays out if you’re made redundant – but they will often provide ‘back to work’ help if you’re off sick.
Buildings and contents
Home and contents insurance is the easiest way to protect your home.
Buildings and contents insurance is commonly known as home insurance.
It is a requirement of your mortgage lender that buildings insurance is in place.
Buildings and Contents insurance is a combined insurance that will cover or replace any damage that might occur to the house or its contents, including total loss.
Please Note: As with all insurance policies, conditions and exclusions will apply.
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LM Mortgages LTD is an appointed representative of Stonebridge Mortgage Solutions Ltd, which is authorised and regulated by the Financial Conduct Authority. Initial advice is free however, there maybe a fee for arranging a mortgage and the precise amount is dependent on your circumstances. Our typical fee is £399.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.