Mortgage Protection Cover

Buying a property is almost certainly the biggest debt you will ever have, and your home may be repossessed if you do not keep up repayments on your mortgage. If this were to happen due to sickness or injury, what would the impact be on you and your family?

We offer much more than basic financial protection. We can help you to cope financially if you can’t work, or support your family’s survival if you aren’t around. Whilst it might not be a nice situation to imagine, it would be infinitely worse to not take action and be faced with it in real life.  Which is why protecting your mortgage is crucial to the welfare of any homeowner. Achieve peace of mind with Hammond Financial.

Why do I need Mortgage Protection

Why do I need protection?

The reasons for an individual or couple no longer being able to afford mortgage payments can vary enormously, such as a reduction of working hours, redundancy, long-term illness of either a physical or mental nature that stops you going to work, a serious or critical illness, and the death of a spouse or partner.

We understand that discussing these possibilities can be upsetting, so you can rest assured that we match our knowledge and skill with empathy and reassurance. The result is that you get the right type of protection to suit your circumstances and will be fully covered should the need arise.  Protecting your tomorrow, today.

Why do I need Mortgage Protection
Mortgage protection to suit your requirements

Protection to fit your requirements

With mortgages, we never adopt a one-size-fits-all approach and instead invest time into understanding your lifestyle and specific requirements. For instance, if you have a previous or existing medical condition, we’ll look into specialist insurance options that take this into account.

Likewise, if you love playing contact sport such as rugby or boxing, or enjoy hazardous hobbies the likes of motor sport, rock climbing, sky diving and ski jumping, this will be factored in, so that your insurance definitely protects you in the event of a serious injury.

How does Mortgage Insurance Work?

How does it work?

If you were ever to find yourself unable to pay your mortgage, having protection in place will mean that you could be provided with a lump sum or monthly payment that could be used to cover any outstanding mortgage payments. Alternatively, it could be used to pay another type of debt, such as a loan or credit card balance, which would then free up your finances and make future mortgage payments possible.

How does Mortgage Insurance Work?
Mortgage Cover - Peace of Mind for your loved ones

Peace of mind for your loved ones

If you live with a partner or have a family, not being able to pay your mortgage is a dreadful situation that can greatly affect everyone’s welfare and mental health. The safeguarding we provide includes income protection, critical illness and life insurance.  This means that if you or your partner become severely ill or injured, or one of you passes away, the financial implication is covered so that you can focus on supporting your family.

Talking about these topics is never pleasant, but you can rest assured that Hammond Financial offers a clear, compassionate and tailored service that will take a mighty weight off your shoulders.

Hammond Financial is an appointed representative of PRIMIS Mortgage Network. PRIMIS Mortgage Network is a trading style of Personal Touch Financial Services Ltd which is authorised and regulated by the Financial Conduct Authority.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE 

Our initial mortgage consultation is free. Hammond Financial usually charges a fee for mortgage advice. The amount we will charge is dependent on the amount of research and administration required.  We will discuss and agree this with you at the earliest opportunity.

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