Mortgage protection

Buy to let Mortgage

Mortgage Protection can take many forms. Below we explain four different types of Mortgage Protection.

Life insurance

Life insurance provides a lump sum cash payment on death during the policy term. It’s a great way to help protect your family from the financial worries they could face if you were no longer around.

It could pay off your mortgage and give you peace of mind that your loved ones will be looked after at the most difficult time of their lives. This is normally the lowest cost Mortgage Protection.

At Mortgage Smart we are trained advisers and can help you decide whether you should take out life Insurance, how much you need and how long you need it for. We’re committed to finding the right policy for you and reviewing it regularly.

Critical illness

A critical illness policy pays out a lump sum cash payment during the policy term if you are diagnosed with a particular illness or suffer from a serious accident.

The money from this type of cover could be used to pay off your mortgage and help you maintain your standard of living. You will need to allow a little more in your budget for this type of Mortgage Protection.

Many insurers also offer Children’s Critical Illness at no extra cost. This could allow you to take time out to be with your child or pay for specialist equipment or a special family trip.

At Mortgage Smart we are trained advisers and can help you decide how much you need and how long you need it for. We’re committed to finding the right policy for you and reviewing it regularly.

Income protection

We insure our house, car, pets and our mobile phones. However, have you considered insuring your income to ensure that your bills are still paid if you’re not able to work due to sickness or an accident.

How would you pay your mortgage and bills if you were signed off from work? How long will your employer pay you? Do you have an emergency fund?

We can help you bridge the gap with an income protection policy, giving you peace of mind to pay your monthly bills if you are unable to work due to sickness or an accident.

It pays out every month just like your pay.  It can pay out until your mortgage finishes or until you retire, and we can tailor the payments and the cover to fit your budget.

Talk to your Mortgage Smart adviser about protecting your income today!

Family income benefit

Family income benefit helps you look after your family’s living costs if the worst should happen to you. It’s designed to pay out a monthly income and can be tailored to fit your family’s circumstances. This ensures your family can maintain the lifestyle you want them to have, whether you are around or not.

At Mortgage Smart, we are trained advisers that will hep you decide what’s right for you and your family.

The firm usually charges a fee for mortgage advice. The amount of the fee will depend upon your needs and circumstances. This will be discussed and agreed with you at the earliest opportunity. Our typical fee is £395.Mortgage Smart Ltd is an Appointed Representative of PRIMIS Mortgage Network which is a trading name of Personal Touch Financial Services Limited. Personal Touch Financial Services Limited is authorised and regulated by the Financial Conduct Authority.

Registered in England & Wales, 11754334

Your home may be repossessed if you do not keep up repayments on your mortgage.