This is only a brief summary. For the full guide click below.
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Some insurance is a legal requirement when you get a mortgage. Some is just strongly advised. We can help you find the following:
Building and contents insurance
- Buildings insurance – to cover damage to your property
- Contents insurance – to cover the contents of your property
Life insurance
- Level term life assurance – pays out a set amount if you die
- Mortgage decreasing life insurance – pays off your remaining mortgage if you die
- Critical illness cover – covers the event of serious illness
- Income protection insurance – covers no longer being able to earn an income
Investment plans
People with interest-only mortgages invest money so that they can pay off the capital of the mortgage when it matures. Examples of investment plans:
- Endowments
- Personal pension plans
- Individual savings plans
