Protection

Protect what matters most to you. We'll help you find a policy that suits your needs.

Speak to an adviser

Do I need Insurance before getting a mortgage?

While life insurance is not legally required to obtain a mortgage, we highly recommend that you think about securing it. A mortgage is often the largest financial obligation you will undertake, making it prudent to protect this investment, particularly if you have dependents, such as a family, who depend on your income to cover mortgage payments. 

The only insurance that is legally mandated to secure a mortgage is buildings insurance. This type of insurance protects the physical structure of your home against risks such as fire, theft, and natural disasters, ensuring that your investment is safeguarded. 

In summary, while life insurance can provide important financial protection for your loved ones, buildings insurance is the only necessary coverage to fulfill mortgage requirements. 

What types of Insurance are there?

Life Insurance

Life insurance provides peace of mind by ensuring that your family will be financially supported in the event of your passing. You have the option to connect a life insurance policy to your mortgage, which can pay out a lump sum upon your death. This payout can be used to pay off the remaining mortgage balance or help ease other financial burdens.

Income Protection

Income protection provides financial assistance if you are unable to work because of illness or injury. It replaces a portion of your income and delivers regular, tax-free payments until you are able to resume work.

Critical Illness cover

Critical illness cover is intended to provide financial support if you are unable to work due to a diagnosis of a serious illness. To receive the tax-free lump sum benefit, your specific illness must be included in your policy. This payout can be used to pay off your mortgage or cover other expenses.

Buildings and Contents

Buildings and contents insurance protects against the costs of repairing damage caused by unforeseen events like fire and flooding. This coverage safeguards both your assets and those of your lender. While buildings insurance is the minimum requirement to qualify for a mortgage, we also recommend purchasing contents insurance for added protection.

Mortgage Payments protection

Mortgage payment protection, also known as accident, sickness, and unemployment (ASU) cover, typically provides coverage for your mortgage payments for up to two years if you are unable to work due to illness or injury.

Important information

For insurance business we offer products from a choice of insurers. 

Untitled Design 4 (1)

"Expert Mortgages were recommended by a friend, and I am so pleased! Excellent service, efficient and knowledgeable. The mortgage brokers that Royston needed! Thanks so much for all of your help."

Jenna J.

"A lovely, helpful, and efficient team. Quick to answer all my queries. Highly recommend!"

Emma T.

couple celebrating

Real People, Real Advice

We’re here to help you through the process of finding a new mortgage, no matter what stage you’re at! Give us call.

 

Get in touch

We're here to help

The New Mortgage Charter: A Beacon of Hope for Borrowers

The New Mortgage Charter: A Beacon of Hope for Borrowers In the face of rising interest rates, mortgage lenders and the Financial Conduct Authority

Read more

Tracker Mortgages vs Fixed Rate

Borrowing has been relatively cheap over the last ten years. With a base rate of below 1% for most of that time, we have become accustomed to low mortgage rates and negligible returns on savings.

Read more

When to Switch Your Mortgage: A Guide for Homeowners

Switching your mortgage, also known as remortgaging, can be a smart financial move. It can help you save money, reduce your monthly payments, or pay off your mortgage sooner. But when is the right time to switch your mortgage? Let’s explore this question.

Read more

When to Switch Your Mortgage: A Guide for Homeowners

The mortgage market is a dynamic and complex system that is influenced by a variety of factors, including economic conditions, inflation, and monetary policy.

Read more

Why Use a Mortgage Broker? The Benefits Explained

Navigating the world of mortgages can be a daunting task. With so many options available and a multitude of factors to consider, it’s easy to feel overwhelmed.

Read more

No Deposit Mortgage: The 100% Mortgage Solution for First-Time Home Buyers

Dreaming of stepping onto the property ladder, but finding the steep deposit requirements a hurdle? We have good news! As your trusted mortgage broker, we can connect you to Skipton Building Society’s No Deposit Mortgage — a unique home ownership solution designed just for you.

Read more

Moving Home – Should I Take My Mortgage with Me?

Whether you’re a mortgage hopeful planning ahead or a mortgage holder planning for relocation, you might have some questions about mortgages and moving house.

Read more

What size mortgage deposit should you aim for?

If you’re looking to buy your first home, you’ll know that, though it’s undoubtedly an exciting time, it’s also stressful. There are many vital boxes to tick and things to consider to ensure that you’re stepping onto the property ladder with the right foot forward.

Read more