Mortgage Protection

Here at Blue Moon, we prefer to give sound, unbiased advice. We base this advice on our years of working in the industry and your current needs. We keep our finger on the pulse of the insurance industry and like to keep our clients fully aware of any changes that may affect them.

Did you know?

Everyone knows what happens when you dont pay your mortgage – you lose your house. What if you were to lose your main income through redundancy or even suffer from a critical illness and be off work for an untold period of time? Its surprising how often this happens and it can cause real strain on any family when their main source of income has been stopped. So, what can you do about it? Well, there are a couple of options here.

Firstly, you can cover your mortgage with some form of life assurance. This means that in the event of your death, a lump sum will be paid and allow your mortgage to be paid off. Your family can then remain in your family home without the added stress of worrying about how to pay the mortgage.

Mortgage ProtectionSecondly, you can insure your income. This is a way of insuring your income should anything happen to you or your job and as long as your insurance is adequate and fits your situation, you will be paid out and this can cover your monthly outgoings for as long as the cover is due to run. This way does not pay off your mortgage in a lump sum, but allows you to pay your mortgage on time.

According to the industry, ‘Mortgage Protection’ actually refers to a type of Life Assurance that reduces the amount you will be paid out as the outstanding balance on your motgage reduces over the life of your mortgage. This means that throughout the life of the policy, you are paying just to cover your mortgage. As the balance of the mortgage gets lower, so does the amount of cover you have. At Blue Moon, we dont necessarily believe this is the best cover option available to you as there are other ways in which we can ensure you are covered. If you would like to discuss the options available to you, the costs involved and even the different types of policy available, please do not hesitate to get in touch with our experienced and friendly advisers.

No obligation

For a quick, no obligation mortgage quote simply give one of our helpful advisers a call on 01933 303020.

Remember, our friendly advisers are always on the end of the phone to discuss your mortgage requirements should you need any help or guidance.

Got a question?

Please feel free to have a look at our ‘Mortgage Jargon Explained’ and our FAQs for more information.

Alternatively, are you looking for a bridging loan? If so, you can find more information here.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.