Lander Mortgage Services Limited

  • Home
  • About
  • Mortgages
  • Protection
  • Equity Release
  • Pensions
  • Fees
  • Contact

Protection

Your home may be repossessed if you do not keep up repayments on your mortgage

Protection

Protection

One of the most important aspects of looking at insurance cover when looking for your new home. This area can be overlooked as the excitement of finding a new home can take over. You often hear it can’t happen to me, or I’m sure it will be fine – we will manage. But in reality do you want to sell your home in the event of an accident or worse the death of your partner as one party is left with the mortgage repayments.

Your home may be repossessed if you do not keep up repaymens on your mortgage.

At Landers Mortgage Services we are qualified to assist you with this most important element, there are no fees for this service. We are also happy to see you just to review the cover that you may have in place to ensure that its relevant to your current lifestyle. As part of the process we will assess the income and expenditure of all our clients so you can rest assured that we would tailor your protections needs to suit your budget.

Types of Insurance Cover available:

Mortgage Life Cover

A mortgage is a big commitment. You don’t want your loved ones to have to worry about how they’re going to make the repayments if you’re not around. Even if you’re not earning a salary, your contribution to the household is still invaluable. How would your family cope and make ends meet without you?

With mortgage life insurance you’d know that the cover could help pay off the mortgage if you died during the length of the policy, so your loved ones might not have to think about selling or downsizing.

This type of insurance is a basic form of insurance and is often the cheapest way to insure your life. If you die during the term it will pay a lump sum during the policy term.

Critical Illness

We never imagine that a critical illness is going to happen to us, this is especially true when we feel fit and healthy – but sadly it can and does happen.

If the worst does happen of course you want to have the best care available to you, but also its important to make sure you and your family is financially protected against the impact of a critical illness.

Serious Illness

This covers more illnesses than a typical critical illness policy, conditions when they’re less severe – so you can get the help you need – when you need it, all heart attacks and all strokes (if a doctor tells you you’ve had a heart attack or a stroke, we pay out), and some early stage cancers not covered by other insurers.

Together, these things mean you are up to twice as likely to get a payout than you are from a typical critical illness policy although the it could be for less than the full amount of the cover

Income Protection

People are happy to insure their cars, homes and even their phones, but often they forget to insure their “income”. With Income Protection Insurance we can cover your monthly income which is tax free until you are able to return to work or the cover ends.

So if you are unable to work due to ill health or injury a regular monthly benefit will be provided. Everybody’s circumstances are of course different so we can arrange a choice of deferred periods to suit your individual needs.

Family Income Benefit

A type of term assurance in which, following the death of the life assured, installments, rather than a lump sum, are paid to the beneficiary for the remainder of the policy term. If the life assured lives to the end of the term, no benefit is payable.

Accident Sickness & Unemployment Benefit

This kind of policy is particularly useful if you are concerned about whether or not you could cope financially in the event that you lost your job through redundancy or ill health.

You can take out an accident sickness and unemployment policy that is specific to a debt so that repayments will continue to be made in the event that you lose your income through an accident, sickness or after becoming unemployed.

Bear in mind that most ASU insurance policies are time limited, so they will only pay out for a set period. This can range from a few months to a couple of years, although if you decide instead to opt for a broader income protection policy, this will continue to pay you a monthly amount until you either recover or until the end of the policy term. Policies also carry certain restrictions for example, you may not be covered if you are already at risk of unemployment when you take out a policy.

The longer your cover lasts, the more expensive it is likely to be.

Relevant Life

Relevant life insurance is the same in essence as the most common types of life cover sold here in the UK, essentially its – level-term or decreasing-term life cover – in that it pays out a lump-sum benefit if the person covered passes away within a set period. However, the difference with a relevant life insurance policy is that it is paid for by your business, meaning it is eligible for tax savings.

Relevant life insurance premiums are tax deductable as a trading expense, and because they are not treated as a P11D benefit there aren’t any implications on the amount of personal tax you pay.
When a relevant life policy is paid through your business there also aren’t any national insurance implications, and the benefit paid out under the policy is not registered with HMRC, and therefore does not form part of your pensions allowance. So you can see that a tax saving in one place doesn’t have a knock-on effect that costs you more elsewhere.

Business

This type of cover often referred to as Key man or key person insurance, is to insure a business against financial loss if a key person in the business dies or indeed diagnosed with a critical illness if chosen, during the policy.

Building Insurance

Your mortgage lender will often require buildings insurance, this will form part of the contract in your mortgage offer as the lender has a financial interest in the property until the mortgage is repaid in full.

Being partnered with Legal and General for all household and landlords insurance, offering superb pricing, full risk coverage and a household name that you will recognise and trust

There are other providers of Payment Protection Insurance (Short-Term income Protection) and other products designed to protect you against loss of income. For impartial information about insurance, please visit the website at
www.moneyadviceservice.org.uk

Where to Find us

5 Frances Street, Truro, TR1 3DN
(01872) 857299
andrea@landermortgages.co.uk
  • Lander Mortgage Services Limited is registered in England and Wales.

  • Registration Number: 08623425

  • Registered Address: 5 Frances Street, Truro, TR1 3DN

Mortgages

Mortgages

Your Home (or property) may be repossessed if you do not keep up repayments on your mortgage or any other debts secured … more.....

Protection

Protection

Your home may be repossessed if you do not keep up repayments on your mortgage Protection One of the most … more.....

Equity Release

Equity Release

This is a lifetime mortgage. To understand the features and risks, please ask for a personalised illustration. … more.....

  • Terms and Conditions
  • Privacy Notice
  • Links
  • Privacy Policy

Lander Mortgage Services Ltd is a trading style of Fort Advice Bureau Ltd, which is authorised and regulated by the Financial Conduct Authority. Fort Advice Bureau Ltd are entered on the FCA register (https://register.fca.org.uk/s/)


The guidance and/or information contained within this website is subject to UK regulatory regime and is therefore targeted at consumers based in the UK


©2023 Lander Mortgages Ltd. | Regulated and authorised by the FCA to conduct Mortgage and Protection business, FRN: 972730.

Fort logo

MENU
  • Home
  • About
  • Mortgages
  • Protection
  • Equity Release
  • Pensions
  • Fees
  • Contact