Mortgage Protection for UK Contractors

contractor mortgage calculator

Unfortunately, you can’t predict what’s around the corner, but you can prepare for it. Insuring your mortgage will give you peace of mind that you and your family will be protected against future financial hardship if the unexpected should happen.

There are many different ways to protect your mortgage and finding the right insurance for you may be a bit of a minefield. Brookson Financial can provide a tailored service specific to an IT Contractor’s circumstances and they will help you to understand your priorities to get you the most appropriate cover to fit your budget.

Brookson have the ability to build a plan containing more than one benefit, so it can be tailored to a contractor’s specific needs.

MORTGAGE LIFE INSURANCE

This is typically bought to cover a mortgage, so in the event of your death your loved ones can pay off your outstanding mortgage. You may have also heard it called decreasing term life insurance.

CRITICAL ILLNESS COVER

Also known as critical illness insurance, this is a long-term insurance policy which covers serious illnesses listed within a policy. If you get one of these illnesses, a critical illness policy will pay out a tax-free, one-off payment. This can help pay for your mortgage, or alterations to your home, such as wheelchair access, should you need it.

INCOME PROTECTION INSURANCE

Can replace your income when you can't work due to illness or injury. It will pay you a monthly benefit to help you pay your mortgage and bills and will pay you until you are able to return to work, you retire, or until the end of the policy term you selected – whichever comes first.

To receive an initial consultation with no obligation please fill in your details on Brookson Financial’s website or alternatively email [email protected]. You may also call on 0345 058 1280.

Brookson Financial is authorised and regulated by the Financial Conduct Authority. Please note, a mortgage is a loan secured against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it. Some buy to let mortgages are not regulated by the Financial Conduct Authority.

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