WeDo Mortgages

Our brokers can help you source and secure mortgage protection insurance before you complete on your next purchase.

Protection products are designed to act as a much-needed safety net if you ever have trouble meeting your monthly mortgage payments. If you can’t work due to illness, injury or redundancy, your protection insurance will pay you a set amount of money per month to cover your mortgage. Having access to this vital financial support will prevent you from defaulting on your agreement and potentially losing your home.

What type of protection insurance should you get?

This is really a question for our protection team. They can discuss your options with you, taking various factors into consideration, like your level of risk and your existing financial commitments.

For accident, sickness, and unemployment insurance we act as introducers only.

Unemployment

These policies will pay out if you find yourself out of work.

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Accident & Sickness

These policies support you through periods of inactivity due to illness or injury.

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Combined Policies

These plans provide financial protection in both scenarios.

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Income Protection

This a longer-term option designed to provide you with regular income if you are unable to work due to illness or injury.

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Critical Illness

Critical illness policies can be underwritten to cover specific health conditions. If you suffer from any of the conditions outlined in your policy, you will receive a lump sum to help you with your living expenses.

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Life

A life insurance plan will pay out if you die at any point during the policy’s term. The amount your dependents will receive will be determined by the level of cover you have agreed with your provider. You can ask that your family receives the money as a lump sum or regular instalments, and you can even specify how you would like the cash to be spent.

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Do you need mortgage protection insurance?

In most cases, you won’t need to arrange protection insurance in order to complete on a property. However, we advise against committing to a purchase without making sure you have some kind of mortgage payment protection cover in place. It’s the only way to guarantee that you’ll be able to meet your repayments if life takes you in a different (and unexpected) direction.

Could you arrange a mortgage protection policy yourself?

You could. But unless you have in-depth knowledge of the policies that are available, and an understanding of the pros and cons of investing in each, you may end up signing into an agreement that simply will not work for you.

We would always suggest speaking to our mortgage protection team before committing to a plan.

Our advisors will help you review your options at offer stage, bearing in mind everything you’ll need to satisfy your legal obligations and secure your investment. Then, once we have a good idea of what you need, we’ll help you track down the right insurance cover at the right price point with our protection partner, Aviva. We’ll make sure your monthly insurance payments will remain affordable and sustainable over the course of your mortgage term.

Get in Contact

Drop us your details to arrange your initial consultation with one of our mortgage brokers.