We offer independent advice to all borrowers - whatever your situation.
All lenders will insist you insure your property to protect their interests. They usually, however, will not insist that you take it with them.
Premiums are typically based on the area ie postcode and number of bedrooms. There are also discounts for first time buyers or for porting over number of years of no-claims.
Normally the commencement date is on Exchange of Contracts
This is insurance designed to protect your possessions and usually commences on Completion.
Cover usually provides for :-
• Contents in the home
• Contents outside the property
• Replacement locks
• Freezer contents
• Office equipment if you work from home
• Breakage of mirrors and fixed glass in furniture
• Personal money and credit cards
• Accidental damage to contents(at additional cost)
• Personal possessions cover (at additional cost)
• Pedal cycles
We can provide you with a household policy for owners of investment properties (buy to Let).
These are similar to residential buildings and contents policies with the additional cover for property owner’s liability and therefore expect to pay slightly higher premiums.
This Insurance is designed to pay the mortgage for a period up to 24 months if the policy holder is unable to work due to illness or injury or is made redundant.
This is a basic policy which pays out on death and is designed to cover the mortgage. There is a choice of ‘level term’ which always pays out the sum assured at any stage in the term and ‘decreasing cover’ which is designed to reduce in line with a repayment mortgage.
This is an insurance policy that will pay out a tax free lump sum on diagnosis of a wide range of critical illness including cancer, heart attack, stroke and many more.
Usually this policy is taken with life cover included.
Care must be taken when deciding on the company to provide the cover as there is a vast difference of cover available.
This is a policy which is designed to replace tax free 50% of your income should you be unable to work through accident or illness.
The policy is designed to be taken out on a long term basis, usually at least covering the mortgage term.