More than just the mortgage

Protecting your mortgage and loved ones.

Buying a home is a big commitment, so your adviser may talk about the options around helping to protect your home, belongings, health and loved ones. If you’re remortgaging or moving home, it’s a good time to review any existing arrangements to help make sure you have sufficient cover and they’re still the right products for you.

How can your adviser help you?

It really is important to think about protecting your family’s future. For more help and advice talk to your adviser, they’ll be able to help you:

  • Answer any questions and concerns you may have.
  • Review your requirements on a regular basis, taking into account any changes to your commitments or lifestyle.

Once you’ve had your mortgage approved, the next step is to think about protecting your home and loved ones. The mortgage isn’t usually the only payment you need to make each month. What about covering everyday bills and expenses? Utility bills, food shopping, travel costs, childcare – the list could go on.

It’s not nice to think about, but:

  • How would one partner cope financially with the death or critical illness of the other?
  • Could you afford to maintain your current lifestyle?
  • Could you afford the financial costs of raising your family?

Protection products can help provide financial peace of mind when it’s needed most. They’re designed to provide you with a cash sum or monthly benefit, depending on the product you choose.

Having protection cover in place could help you:

  • Maintain your standard of living
  • Pay your monthly bills and meet your daily living costs
  • Pay off your debts
  • Afford to stay in your family home rather than have to downsize.

HOW MUCH WILL IT COST?

Premiums are based on your personal circumstances. Usually, the younger you are, the less you’ll pay for protection products. We all want security for our future, a chance to maintain the financial stability we have worked so hard for. That’s why it’s important to think ahead and plan for the future.

WHO CAN BE COVERED?

It’s also important to remember that it’s not just the main wage earner that you may need to consider when working out the amount of cover you need. Have you thought about the value of the work you or your partner does around the home?

Legal & General’s 2015 Value of a Parent research found that the average mum does £29,535 worth of unpaid domestic work around the home each year, and for dads it’s £21,601.

Castle Mortgages has links to panel of insurance providers – please contact us for details.

Compliance

Castle Mortgages is a trading name of Just Mortgages Direct Limited which is an appointed representative of Openwork Limited, which is authorised and regulated by the Financial Conduct Authority. Some Buy to Let mortgages are not regulated by the Financial Conduct Authority.

Just Mortgages Direct Limited Registered Office: Colwyn House, Sheepen Place, Colchester, Essex, C03 3LD. Registered in England No. 2412345

The Information on this website is subject to the regulatory regime and is therefore targeted at consumers in the UK.