Protection Advice for Your Mortgage
Learn about life insurance, income protection and critical illness cover that may support your mortgage and your family.
Discussions available in English and Romanian.
Protecting Your Mortgage and Your Family
Mortgage protection is not only about securing a loan, it is about supporting your financial stability and peace of mind. At Casa UK Mortgages, we discuss protection options alongside your mortgage to help you consider how you and your home could be supported if the unexpected happens.
Why Protection May Be Considered
A mortgage is often a long-term financial commitment. Protection policies may provide financial support if circumstances such as illness, injury or death affect your ability to meet financial commitments.
Depending on the policy selected, protection may help provide support in situations such as:
✓ reducing or repaying the mortgage balance
✓ providing financial support to dependants
✓ replacing income if you are unable to work due to illness or injury
✓ assisting with household expenses during periods when you are unable to work
The level and type of cover considered will depend on individual circumstances.
Types of Protection
Life Insurance
Life insurance may provide a lump sum payment if death occurs during the policy term.
This payment may be used by beneficiaries to reduce or repay the mortgage or assist with other financial commitments.
Critical Illness Cover
Critical illness cover may provide a lump sum payment if the policyholder is diagnosed with a specified serious illness during the policy term.
Conditions covered and definitions vary between insurers and policies.
The payment may assist with mortgage payments, household expenses or other financial commitments.
Income Protection
Income protection may provide a regular monthly payment if the policyholder is unable to work due to illness or injury.
This payment may assist with ongoing financial commitments such as mortgage payments or living costs.
The amount payable and the duration of payments depend on the policy selected.
Family Income Benefit
Family Income Benefit may provide a regular monthly payment to beneficiaries if the policyholder dies during the policy term.
This payment is designed to provide ongoing financial support rather than a single lump sum.
This type of cover is often considered where there are financial dependants.
Protection Considered as Part of Your Mortgage Review
When arranging a mortgage, protection options are discussed as part of the advice process. A mortgage is often a long-term financial commitment, and it is important to consider how mortgage payments and household expenses could be managed if circumstances change.
During the mortgage discussion, protection options are reviewed alongside factors such as income, financial commitments and dependants. This allows you to consider whether any protection may be appropriate for your circumstances.
Factors considered may include:
- the mortgage balance
- income and employment circumstances
- financial dependants
- any existing protection policies
Any decision regarding protection remains entirely optional and will depend on individual circumstances.
English and Romanian Support
Discussions regarding mortgages and protection can take place in English or Romanian.
Please note that documentation issued by lenders and insurers is provided in English.
Clients are responsible for ensuring they understand the terms and conditions of any mortgage or protection policy before proceeding.
Important Information
Protection policies are subject to eligibility, underwriting, terms and conditions. The cover and benefits depend on the policy selected and the insurer’s criteria.
Your home may be repossessed if you do not keep up repayments on a mortgage or other debt secured on it.
Discuss Protection as Part of Your Mortgage Advice
Protection options are discussed as part of the mortgage advice process. If you would like to speak with Casa UK Mortgages about your mortgage and the protection options available, you can arrange a consultation.
Because everyone deserves
a place to call home
Get in Touch
Casa UK Mortgages
6 Pella Grove, Annesley
Nottingham, NG15 0EL
Email: madalina@casauk.co.uk
Tel: 07459 614660
The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers in the United Kingdom. Please note the following important information:
A fee may apply for mortgage advice, typically between £479 and £699 depending on your circumstances.
Casa UK Mortgages Ltd, trading as Casa UK Mortgages, is an Appointed Representative of HL Partnership Limited, which is authorised and regulated by the Financial Conduct Authority, with the FCA reference number 303397.
Casa UK Mortgages Ltd is registered in England and Wales with Company Number 16428343. Registered Office: 6 Pella Grove, Annesley, Nottingham, NG15 0EL.
You can verify this on the FCA Financial Services Register: https://register.fca.org.uk