Brightfield Business Hub
Bakewell Road, Orton Southgate, Peterborough
hello@thehomefinancehub.co.uk
Business Hours Only
01733 595018
Business Hours Only
Mon - Fri: 9:00 - 17:30
Appointment Available After Business Hours
Bakewell Road, Orton Southgate, Peterborough
Business Hours Only
Business Hours Only
Appointment Available After Business Hours
At The Home Finance HUB, we understand the importance of safeguarding your mortgage and loved ones against unexpected life events.
Our range of protection services is designed to provide you with peace of mind and financial security, ensuring that your family can remain in their home even if the unthinkable happens.
Unexpected circumstances, such as illness, injury, or even death, can make it difficult to keep up with mortgage payments. By investing in mortgage protection, you can rest assured that your family will be taken care of, even if you’re unable to work or are no longer with them.
This insurance provides financial support by replacing a portion of your income if you are unable to work due to illness or injury, helping you maintain your lifestyle and cover essential expenses, akin to income protection insurance.
Life insurance offers a lump sum payment to your beneficiaries upon your death, ensuring that your loved ones are financially secure and can cover expenses such as mortgage payments and living costs, providing essential life cover.
Critical illness insurance pays out a tax-free lump sum if you are diagnosed with a specified serious illness, allowing you to focus on recovery without the stress of financial burdens.
Private medical insurance provides fast access to high-quality healthcare services and treatments, ensuring you receive timely medical attention when you need it most, similar to how mortgage protection life insurance ensures you are covered during unforeseen circumstances.
*This is a referral service.
If you’re a landlord with a tenant paying rent that covers your mortgage costs, you may not need mortgage protection. Instead, consider landlord rent guarantee insurance to protect against lost rent if your tenant defaults.
Additionally, if you live alone without dependants, you may only require critical illness cover or income protection insurance, rather than life insurance, to ensure you have the cover you need.
Before purchasing additional protection, check if your employer provides any sickness or life insurance benefits. Some employers offer varying levels of cover, which may eliminate the need for a separate life insurance policy or mortgage protection insurance.
To determine the most suitable protection for your situation, consult with one of our experienced mortgage and protection advisors. They will assess your current coverage, identify any gaps, and recommend the best options to safeguard your mortgage and family’s future.
Speak with Us at the Home Finance Hub for the best advice
Mortgage protection insurance is a type of insurance designed to pay off your mortgage in the event of your death, ensuring that your family can remain in their home without the burden of mortgage repayments.
Yes, you typically need life insurance to protect your mortgage. Specifically, mortgage life insurance can help cover your mortgage payments in case of your untimely death.
You can get a quote for mortgage protection cover by contacting an insurance provider or using online comparison tools to evaluate different policies and premiums available to you.
No, mortgage payment protection insurance is designed to cover your mortgage repayments in case you are unable to work due to illness or injury, whereas mortgage protection insurance pays off the mortgage balance upon death.
The insurance cost can be affected by several factors including your age, health status, the amount of coverage you choose, the type of insurance you select, and the term length of the policy.
While mortgage protection insurance specifically covers your mortgage payments, life insurance is a broader policy that can provide financial support to your beneficiaries for various needs, including paying off debts or providing living expenses.
Mortgage protection life insurance generally offers two types of coverage: decreasing life insurance, which reduces the coverage amount as the mortgage balance decreases, and level term insurance, which maintains the same coverage throughout the policy term.
Yes, you can choose mortgage protection cover based on your specific needs, including the amount of coverage required to pay off your mortgage and any additional benefits like critical illness cover or payment protection insurance.
If you’re diagnosed with a terminal illness, many mortgage protection policies allow you to claim the benefit early, which can help cover your mortgage payments and provide peace of mind during difficult times.
Insurance can help cover your mortgage payments in the event of your death or if you are unable to work due to illness, ensuring that your family can maintain their home without financial strain.
