When you buy insurance through Mortgage Scout the value we add to your purchase is priceless. Providing cover for critical illness, life insurance and income protection benefit, our mortgage and protection advisors give invaluable advice and shop around for competitive insurance products, saving you money and protecting the roof over your head too.

Life Insurance

Life Insurance advice has been part of our borrower assessment process long enough for us to know it’s not always an easy subject. Buyers can feel understandably anxious about how much it will cost to ease the financial strain on their dependents, should the unthinkable happen.

So, from Decreasing Term Insurance, which decreases alongside your mortgage debt, to Level Term Insurance, where cover remains level throughout your mortgage, we’ll only show you protection products that will look after your loved ones and your budget.

Critical Illness

Many people buy Critical Illness Insurance with Mortgage Scout when they take on a major commitment like a mortgage – but debilitating illness can happen at any time.

It’s hard to contemplate when you’re fit and healthy, but incapacitating illness can necessitate leaving work, undergoing private therapeutic care or carrying out home modifications. When you invest in Critical Illness cover, you secure your future self a vital tax-free lump sum, paid out on the diagnosis of certain life-threatening (but not fatal) conditions including heart attack, stroke and cancer. What a relief.

Income Protection

Payment Protection Insurance is optional. There are other providers of Payment Protection Insurance and other products designed to protect you against loss of income.

Payment Protection Insurance will safeguard you against financial difficulty by paying out a regular tax-free replacement income if you find yourself unable to work because of illness and injury. Many people in this situation find themselves dependent on state benefits, which often fall short of paying the bills.

Mortgage Scout will guide you through all the available Income Protection policies, which have a waiting period before they pay out, starting when you become unable to work. The longer the period chosen, the lower your premium. We’ll also advise you on the state benefits that will become available so you can choose an appropriate waiting period.

For insurance business we offer products from a choice of insurers.
You may have to pay an early repayment charge to your existing lender if you remortgage.
There is no guarantee that it will be possible to arrange continuous letting of the property, nor that rental income will be sufficient to meet the cost of the mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1% but a typical fee is 0.3% of the amount borrowed.