Most types of policies do not have a cash value, unless a valid claim is made

Astute Protection

Mortgage Protection

Mortgage protection insurance ensures your home remains secure if unexpected circumstances affect your ability to keep up with repayments. Whether due to illness, injury, or loss of income, this cover provides financial support, preventing the risk of losing your home.

With the right policy in place, you can focus on recovery or finding new employment without the added worry of mortgage payments, giving you and your family stability during uncertain times.

How Does Mortgage Protection Work?

Mortgage protection is designed to cover your mortgage payments if illness, injury, unemployment, or death affects your ability to pay. Policies can be structured to either clear the remaining mortgage balance in full or provide ongoing financial support for a set period, depending on the type of cover you choose. This ensures your home remains protected, giving you and your family financial stability when it’s needed most.

Find The Right Policy for You

There are different types of mortgage protection available, each offering a level of financial security suited to your individual circumstances. Whether you want to ensure your mortgage is fully repaid in the event of your passing or need temporary support due to illness or job loss, there are options to match your needs.

Life Insurance for Mortgage Protection

A life insurance policy linked to your mortgage ensures that, in the event of the death of the policyholder, the outstanding balance is paid off in full. This means your family can continue living in the home without worrying about repayments. Policies can be set up on a decreasing term basis, where the cover amount reduces in line with your mortgage balance, or on a level term basis if you want fixed protection.

Income Protection

If you are unable to work due to illness or injury, income protection provides a regular monthly payout, replacing a portion of your lost earnings. This ensures you can continue making mortgage payments and covering household expenses while you recover. The level of cover, payout period, and deferred period can be tailored to your financial situation, offering flexibility based on your needs.

Critical Illness Cover

A serious illness can have a lasting impact on your ability to work and manage financial commitments. Critical illness cover provides a lump sum pay-out if you are diagnosed with a covered medical condition, such as cancer, heart attack, or stroke. This money can be used to pay off all or part of your mortgage, cover treatment costs, or make necessary lifestyle adjustments.

Unemployment Protection

Job loss can create financial uncertainty, especially when it comes to meeting mortgage repayments. Unemployment protection provides short-term support, covering your mortgage payments for a fixed period if you are made redundant. This allows you time to secure new employment without the immediate pressure of falling behind on payments.

Why Have Mortgage Protection?

Having a financial safeguard in place ensures that you and your family can remain in your home, even if you’re unable to work or your income changes unexpectedly. Mortgage protection provides long-term security and allows you to focus on what matters without the added pressure of mortgage repayments.

Security for Your Home

Without mortgage protection, financial difficulties could put your home at risk. This cover ensures that your mortgage payments are maintained during difficult times, giving you and your family the reassurance that you won’t face the prospect of losing your home.

Unexpected life events can cause financial strain, making it difficult to meet your mortgage commitments. Mortgage protection provides a financial safety net, allowing you to manage household expenses and avoid falling into arrears if your income is disrupted.

Every homeowner’s needs are different, and mortgage protection policies can be customised to suit your mortgage type, repayment structure, and personal circumstances. Whether you need short-term support or long-term security, there are options available to suit your financial situation.

Knowing that your home is protected allows you to concentrate on recovery, finding new employment, or adjusting to changed circumstances without the additional stress of mortgage repayments. Having the right cover in place provides valuable peace of mind during times of uncertainty.

Who Needs Mortgage Protection?

Mortgage protection is a valuable safeguard for anyone with a mortgage, ensuring that repayments can continue even if life takes an unexpected turn. For many homeowners, their mortgage is their largest financial commitment, making it essential to have a plan in place to cover payments if income is disrupted.

This type of cover is particularly beneficial for:

  • First-time buyers – Having protection in place from the start provides confidence that your home remains secure, no matter what happens.

  • Homeowners with dependents – If your family relies on your income to meet mortgage payments, mortgage protection ensures their financial stability.

  • Self-employed individuals – Without the safety net of sick pay or redundancy packages, mortgage protection provides vital security against income loss.

  • Anyone wanting financial security – Life is unpredictable, and having the right cover ensures that an illness, injury, or job loss doesn’t put your home at risk.

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How Much Does Mortgage Protection Cost?

The cost of mortgage protection varies depending on several factors, allowing policies to be tailored to your personal circumstances. Premiums are influenced by:

  • Your age and health – Younger, healthier applicants typically benefit from lower premiums.

  • The amount left on your mortgage – The larger the outstanding balance, the higher the level of cover required.

  • The type of cover chosen – Life insurance, income protection, and critical illness cover all have different pricing structures.

  • Lifestyle factors – Habits such as smoking can increase the cost of premiums due to associated health risks.

Mortgage protection policies can be customised to fit your budget while ensuring you have the right level of cover in place. Whether you need full mortgage repayment in the event of death or temporary support due to illness or redundancy, there are flexible options to suit your needs.