INCOME PROTECTION
PROTECTING YOUR GREATEST ASSET
DON’T BE LEFT OUT IN THE COLD
HOW WOULD YOU KEEP A ROOF OVER YOUR HEAD IF YOU COULDN’T WORK BECAUSE OF ILLNESS OR INJURY?
When you arrange a mortgage to buy your home, you naturally expect that you will have a regular income throughout the period of the loan, so you’ll be able to make all the repayments. But what happens if you have an accident or illness which prevents you from working?
Who will pay the mortgage?
You may think that none of these things will ever happen to you – we all do. Most people insure their most valuable assets, such as, the house, the car, the mobile phone even pets.
Most people do not have sufficient savings to cover more than a few months of normal expenditure – an income protection policy might help bridge this gap.
Your greatest asset is your ability to go to work and bring in a steady income.
So, for a monthly premium, paid by Direct Debit, you can secure your home and your family’s future.
This is entirely optional and maybe cancelled at any time if no longer required.
Income protection gives a monthly income to help with your bills if you can’t work due to illness or injury. So it could stop you having to dip into your hard-earned savings. Policies are usually able to replace 50-60% of earned income for as long as the term of the policy (usually state retirement age).
Personal Sick-Pay plans, are a great way to keep costs to a minimum and ideal for self-employed workers who have no safety net of employer benefits. They are designed to pay out after as little as a week off work and last for up to 24 months (in a single claim).
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IMPORTANT! YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP THE REPAYMENTS ON YOUR MORTGAGE.
Discovery Mortgage Services Limited is an Appointed Representative of JLM Mortgage Network Ltd, which is authorised and regulated by the Financial Conduct Authority. Registration numbers 832392 and 300629. Further details may be found by visiting www.fca.org.uk. Discovery Mortgage Services Limited registered in England No 11761503, registered address 1 Giles Road, Wendover, Buckinghamshire HP22 5HE
Our minimum fee is £595 however we will be paid a commission by the lenders and in many cases this will cover our minimum fee. This fee is chargeable on issue of a successful mortgage offer. If you do not proceed with a mortgage that has gone to offer, the £595 fee will be charged. Under some circumstances, for more complex cases, we may need to charge a £595 fee as well as receiving commission by the lender. For highly complex cases a maximum of 1% of the mortgage could be charged as a fee. Where fees are applicable you will be fully informed before an application is submitted. No fees are charged for an application that does not complete to a mortgage offer.