Lonsdale Mortgage Brokers St Albans recommend protection policies for homebuyers
Our Lonsdale Mortgage broking team based in St Albans offer mortgage advice for first time buyers, clients who are moving house or simply re-mortgaging their existing property. When we offer mortgage advice our St Albans mortgage advisers always discuss protection policies with our clients.
‘Whenever I offer mortgage advice I make sure I discuss mortgage protection policies with our clients. Although this is more relevant for first time buyers who may never have purchased protection policies before and want to understand how they work, I always recommend all our clients have adequate protection in place to re-pay their mortgage, whatever their circumstances.’
At Lonsdale Mortgages we review three types of protection with our client – income protection, critical illness cover and life assurance. We will be reviewing each of these protection policies in detail over the next few weeks to help anyone who is looking to purchase protection policies. If you want to see if you require protection advice please consider the following questions from our protection checklist.
• How important is your income to you, and how long could you pay your outgoings, for example your mortgage payment if you lost your job?
• How quickly could you get another job if you were made redundant?
• What provision do you have to make mortgage repayments if you had an accident or fell seriously ill?
• Do you have dependents?
• Is there adequate provision for you in the event of premature death? Do you have any debts that would need to be paid off?
‘Our mortgage brokers are qualified to discuss insurance and mortgage protection products. We will review a range of available insurance products to ensure we find the right product for you. You do not need to have purchased your mortgage through us to receive protection advice. If you want a free initial consultation please call us on 01727 845500.