Protecting yourself and your dependents
Protecting yourself and your dependents will be a major consideration – and we will help give you the right options.
Protection depends on your needs, and our professional advice means we will only recommend what is best for you. If you have dependents such as children this will mean looking after them if anything happens to you – which can mean an issue affecting your income, a major illness or even death. The cost of protecting yourself properly should be an essential part of your mortgage. However you will have many choices open to you so we can ensure affordability does not come in the way of looking after your family.
Just like finding the right mortgage, we get to understand your needs, priorities and situation. We then research the options and present you with our recommendations. It is easier than ever to look for the cheapest options online, but there is one huge difference – it does not come with tailored advice. A big misunderstanding as well is that everything is cheaper online. We can often be as competitive or even more than online deals. The biggest difference though is that by understanding your priorities and budget, we can present a solution that should meet all your needs, which may include areas you have not considered.
The sort of protection we advise on includes (but is not limited to):
- Life assurance should you die unexpectedly leaving dependents;
- Critical illness should you suffer a major illness that can or will affect your ability to continue working, or that will affect your lifestyle;
- Income protection to protect your income if it is affected by a short or long term illness;
Mortgage payment protection that can also support your income so you can pay your mortgage, but which can also protect you in case of redundancy for example.
We offer products and services from several major companies to give you a choice over cost, features and to meet your preferences.
Accident, Sickness and Unemployment Cover typically costs £4.71 a month for every £100 of monthly benefit. This is based on a 36-year-old customer choosing £850 of accident, sickness and unemployment monthly benefit with claims paid after a 30-day deferred period. The cost of this insurance depends on a number of factors, such as your age, where you live and your occupation. As a result, the cost you will pay is based on your own circumstances.
There are other providers of Short-Term Income Protection and other products designed to protect you against loss of income. For impartial advice about this type of insurance, please visit the website www.moneyadviceservice.org.uk.
As with all insurance policies, conditions and exclusions will apply.
YOUR HOME MAY BE REPOSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
There will be a fee payable on application for mortgage advice. The amount will depend on your circumstances but this will never be more than 1.5%. Fees may be waived subject to the term of the waiver agreement. Premier Property Solutions (uk) Ltd is an appointed representative of Stonebridge Mortgage Solutions Ltd, which is authorised and regulated by the financial conduct authority. Registered office: Premier Property Solutions (uk) Ltd, Unit 1 The Cam Centre, Wilbury Way Hitchin SG4 0TW. Number: 09242618, registered in England & Wales.