For many of us, buying a home is the biggest financial commitment we’ll make in our lifetime. Having carefully selected the right mortgage for your current circumstances, we want to make sure you can afford to keep it should the unexpected happen.

Unfortunately, life-changing events happen to people every day. They might be diagnosed with a critical illness like cancer or have an accident that turns their life upside down. If this happened to you, having some extra money in place could make the difference between keeping, and losing your home.

It’s a difficult issue to think about but you would be surprised how quickly life can change when you’re dealing with a health setback, and how quickly the savings you’ve worked hard to accumulate can disappear if you’re unable to work.

We can help reduce the risk of losing your home

While there is no insurance that can prevent these things from happening, you can reduce the risk of losing your home with critical illness cover. This type of insurance is designed to provide you with a lump sum if you find yourself unable to work through serious illness. This money could help you maintain your standard of living while you’re ill and help pay the bills while you’re getting back on your feet. It might also help you pay for private medical care, or to see a consultant who specialises in your condition. It could even help to pay for alterations to your home, if that’s what you need.

There are many extremely practical and cost-effective options that we can discuss.

If you already have plans in place, we can assess them and reassure you whether they are still sufficient for your needs (you may be missing out on better quality cover that is now available). Since starting your first plan, many things may have changed in your circumstances which means you should review the current cover you have in place. For example, you may have:

• Been married (or divorced)
• Had a change in income
• Changed Job
• Moved to a bigger house/ increased your mortgage
• Had a change in the size of your family
• Given up smoking

Inflation and increases in national average earnings will already have impacted the real value of your initial cover. 

Costs & benefits /product enhancements

We will also review your arrangements to try and:

• Reduce costs - you may be spending more than you need, as the same cover may be available at a lower monthly amount. In other words, you may be losing money unnecessarily each month.
• Improve Benefits – there may have been new products and features launched, which means you could be missing out on better quality cover that may now be available for the same monthly figure to you.

What do you need to do?

Our initial review is always free of charge. But by not having a review you may not have the cover you need and may be missing out on premium savings, by continuing to pay more than you need to.

So, if you have any questions or concerns about financially protecting you, your family, and your home, please get in touch. Until then, please stay safe and stay well.