26 guides
Mortgage cover
Cover arranged around a mortgage, from decreasing term to joint policies and buy-to-let, and when to put it in place.
- Barclays life insurance and mortgage protection (L&G) Mortgage protection insurance from Barclays is life insurance that Barclays Bank UK PLC arranges and Legal & General Assurance Society Limited underwrites…
- Best mortgage life cover providers To compare mortgage life insurance quotes, start by lining up the terms that differ between insurers, because the monthly price is only one of them. Legal…
- Changing or moving mortgage protection You can often change mortgage protection insurance once it is running, but how much you can alter, and whether health questions come back, depends on the i…
- Cost of decreasing term life insurance The cost of decreasing term life insurance is set from your age, health, smoking, the amount, the length of the policy and any add-ons, so no single monthl…
- Do you need life insurance to get a mortgage? No, you do not need life insurance to get a mortgage in the UK: no law requires it, and the lenders quoted here say so themselves. A lender can still make…
- Do you still need life insurance once your mortgage is paid… Paying off your mortgage does not by itself end a life insurance policy, and whether you still need one turns on who else relies on you, not on the loan. I…
- HSBC life insurance: who holds your policy now HSBC life insurance is no longer written by HSBC itself: HSBC Life (UK) Limited has been renamed Chesnara Life (UK) Ltd, and HSBC's own pages now send poli…
- Halifax and Lloyds Bank life insurance (Scottish Widows) Life cover from Halifax and from Lloyds Bank is provided by Scottish Widows, which sits in the same banking group as both. This page sets out what each ban…
- Is mortgage protection insurance legitimate? Mortgage protection insurance is legitimate when it is a policy from an authorised insurer, and the name is often used for decreasing term life cover. Whet…
- Is mortgage protection worth having? Whether mortgage protection is worth it depends on who relies on your mortgage being repaid and on what else would pay it. It is a decision with trade-offs…
- Joint decreasing term life insurance Joint decreasing term life insurance is one policy on two lives whose payout shrinks over the term, and it normally pays once, when the first of the two di…
- Level term or decreasing term for a mortgage Decreasing vs level term insurance comes down to what the payout does. A level policy pays the same sum whenever a valid claim is made during the term; a d…
- Life insurance for buy-to-let mortgages and landlords No law says you need life insurance for a buy-to-let mortgage, though a lender can make cover a condition of its own offer. For landlords the harder questi…
- Life insurance or mortgage protection: are they the same? Life insurance and mortgage protection are the same thing only when "mortgage protection" means a life policy for a repayment mortgage; the name is also us…
- Mortgage cover or family cover: what should life insurance … Family protection or mortgage protection comes down to what you want the payout to be for: clearing the mortgage, which is often done with decreasing cover…
- Mortgage life insurance age limits There is no single mortgage life insurance age limit, because each insurer sets its own. In the policy summaries set out below, the latest age to start dec…
- Mortgage protection for the self-employed Mortgage protection for the self-employed is usually a decreasing or level term life policy that pays out if you die during the term, so the money can clea…
- NatWest mortgage protection and life insurance If you are looking for mortgage protection insurance from NatWest, what the bank sells is life insurance, and the policy is provided by Aviva rather than b…
- Nationwide life insurance and mortgage protection Yes: Nationwide sells life insurance, including the decreasing cover many people mean by mortgage protection insurance from Nationwide, but it does not ins…
- What happens when a decreasing term policy ends When a decreasing term policy reaches its end date, the cover stops: nothing is paid, nothing is handed back and the premiums come to an end. That is what…
- What is decreasing term life insurance? Decreasing term life insurance is life cover for a fixed number of years whose payout falls as the policy runs, while the premium stays the same. The insur…
- What is mortgage life insurance and how does it work? Mortgage life insurance is a life insurance policy designed to help pay off a repayment mortgage if you die during the policy term. How it works: the amoun…
- When to take out life insurance when buying a house When to get life insurance when buying a house usually comes down to exchange of contracts, because that is the point at which several insurers' documents…
- Where to buy mortgage protection You can buy mortgage protection in several places: direct from an insurer, through a broker or adviser, from your mortgage lender, or by starting on a comp…
- Will life insurance pay off my mortgage if I die? Life insurance can cover your mortgage if you die, but only when the policy pays enough to clear what is owed, and the money goes to whoever the policy nam…
- Writing mortgage protection in trust Putting a mortgage protection policy in trust is a choice rather than a rule. A trust sends the payout to trustees, who hold it for the people you name, in…