Mortgage Protection
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Protecting Your Mortgage
Buying a home is a big commitment, so your Regal Park Financial adviser will talk about the options for protecting your home, belongings, health and your loved ones.
If you’re re-mortgaging or moving home, it’s a good time to review any existing arrangements to make sure you have sufficient cover and that they’re still the right products for you.
We offer a wide range of protection policies designed to help you continue to meet your mortgage commitments.
Our adviser will help you decide which types of cover would suit your needs and circumstances, and ensure that these fit within your proposed budget. He will also save you time by helping with all the necessary application forms.
Once submitted, we’ll look after your applications and ensure they are dealt with efficiently. We’ll liaise with your product providers to make sure everything is in place for you at the right time.
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LIFE COVER
Provides a lump sum in the event of your death to help your loved ones continue to live in their home without the pressure of having to meet the monthly mortgage payment and additional bills with a lower household income.
We have expert knowledge of the life cover industry, and we’ll look at products from a carefully selected panel to ensure that in the event of an untimely death, your loved ones are not left with financial issues to sort out.
As well as mortgage cover, which will pay off your mortgage in the event of your death, we’ll also make sure that your family can afford to continue living in the property.
Provides a lump sum in the event of your death to ensure your loved ones can continue to live in their home without the pressure of having to meet the monthly mortgage payment and all the billls with a lower household income.
INCOME PROTECTION
Provides a regular monthly payment in the event of accident or sickness to ensure you can still meet your monthly mortgage commitment and pay your household bills.
We’ll explore this area of cover during our meeting with you. First we’ll check what cover you have through your employment, and establish if the cover provided is sufficient for your needs.
If you don’t have any cover, or if the cover provided is not at the right level, we’ll work with you to find out how much you’d need each month to pay your bills and ensure that your family is provided for.
We’ll then find the right priced product for you. This is equally important if you are a tenant renting a property or a home owner with a mortgage.
CRITICAL ILLNESS
Provides a lump sum in the event you suffer a diagnosed critical illness. This could allow you to repay your mortgage and reduce the stress on your finances while you are unable to work or undertaking treatment leaving you with less pressure to return to work and give you the chance to recover fully.
We’ll aim to find the right level of cover for you and your individual circumstances.
Providers offer different benefits and sometimes promote offers of extra cover. We look at what you’ll need to aim for large debts like mortgages are being covered, but also what other support you and your family would need if you were to suffer from one of the illnesses covered.
We’ll also ensure you know exactly what is, and more importantly what is not, covered by your monthly premium.
