Insurance

Home / Insurance

Mortgage Protection Insurance

At Good Mortgage Solutions not only will we source you the perfect mortgage, we’ll discuss the importance of mortgage protection insurance. Whilst nobody enjoys considering any negative implications when purchasing a home, mortgage protection is essential. To talk to us about the available options, get in touch with our specialist team today. 

With direct access to a wide range of mortgage protection insurance, it’s our job to find the right solution for you. In the unfortunate event of long term illness, unemployment, critical illness or even death, you’ll rest a little easier with the knowledge you’re fully covered. Making the right investment with mortgage insurance means house payments will continue to be met.

Consider Protection Insurance?

If you resonate with any of the below circumstances, mortgage protection insurance is a necessity:

  • You have a partner
  • You have dependent children
  • Ageing relatives depend on you for support
  • Should you pass away your pension/savings will not be enough to protect any dependents
  • You’re single and do not have someone to help pay your mortgage should circumstances require

Choosing the right mortgage protection insurance will give you the peace of mind that you’re covered for any eventuality. Without a solution in place you could face financial problems and may even have to give up your home. It doesn’t need to come to this and that’s what we are here to help ensure. Based in Stockton, Good Mortgage Solutions works across Middlesbrough, Teesside, Newcastle and the North East.

Existing Mortgage Protection Insurance

It may be that you already have mortgage protection and would like us to review this for you. We’re happy to do this without any cost whilst advising, based upon your existing circumstances, any necessary changes. We may even be able to find you a better deal via one of our home insurers. You can discuss mortgage insurance with us during a free initial appointment. We’ll arrange to visit you at a time to suit or see you at our Stockton based office. From here there’s absolutely no obligation to proceed.

Can I protect my mortgage if I lose my job?

Yes, you can. Protection insurance covers accident, sickness and unemployment and can be purchased once your mortgage has been agreed and an offer produced. We will look at Mortgage protection insurance as part of our initial recommendations. To discuss this in greater details please contact us on 01642 671747 or email enquiries@goodmortgagesolutions.co.uk

Is insurance expensive?

This depends on the insurance required. You’re 4 times more likely to experience critical illness than to die. Based on this statistic, cover works out around 4 times more expensive than a basic life insurance policy. A decreasing term assurance can be very cheap but before you go over the costs a few basic questions need answering about your lifestyle and medical condition. Of course, It can be more expensive if you are a smoker or do any extreme sports.

An additional option to life cover is an accident policy with some providers offering a variety of choices starting at £7 a month. All cover needs to be reviewed and we make it our job to get to know and understand you and your needs. Is your mortgage the best aspect to cover? Would it be more beneficial to make provisions for family should the worst happen or you’re unable to work. These are the points we will raise and discuss.

How can I get Cover?

First steps involve an appointment with one of our advisers. During this time we will investigate the different options available to you based upon your specific circumstances. Your appointment is free and you’re under no obligation to accept any recommendations given. Give us a call on 01642 671747 and we’ll give you an idea of the type of insurance you may need. Have a certain budget in mind? Let us know as we’re able to investigate figures to suit. Some cover is always better than no cover.

Get in touch today, call us on 01642 671747 or email us Contact Us

Looking For Some Help?

Fill out the form below or give us a call on 01642 671747 and a member of our team will be more than happy to answer any questions you may have.