At Pink Mortgage Solutions, Protecting your little world is the most important part of our conversations. For insurance business we offer products from a choice of insurers.
Income Protection
Does your employer pay you sick pay? How long could you survive without an income if you could not work long term ? Income Protection will pay you an income if you cannot work long term due to sickness or injury, This policy is not designed to replace your income but give you financial support when you need it most.
Life Insurance
If you were to pass away what would be the financial impact on your family? Having a life insurance policy in place can offer some financial support by either repaying the remaining balance of your mortgage, or paying a monthly income. Pink Mortgage Solutions will always recommend you take out a policy to repay the mortgage as a minimum if you own a property.
Trusts
Pink Mortgage Solutions also recommends your life Insurance policy is placed within a trust to allow the funds to get to where they need to a lot faster. The sum assured would also fall outside of your estate and not be subject to inheritance tax.
Critical Illness Insurance
Being diagnosed with a critical illness doesn’t always mean you will pass away but the last thing you want to worry about is money. By having a critical illness insurance policy in place can either repay your mortgage in full or give you a lump sum to give you respite, cash in the bank for bills/care costs or property improvements.
Building Insurance
If you are buying a free hold property building insurance is a condition of your mortgage offer to cover the cost of rebuilding your home if it was damaged. If you are buying a leasehold property your building insurance will likely be included in your service charges.
Contents Insurance
If you picked your home up and shook it, everything that falls out is considered your contents, contents insurance offers protection against replacing these items at full cost potentially saving you a large financial cost , all you would pay is your policy excess. You can also choose to protect your valuable items and items away from home.
Whichever is important to you, Pink Mortgage Solutions tailor a package for you within your budget.
Because we play by the book we want to tell you that…
Your home may be repossessed if you do not keep up repayments on your 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 £549.
*NHS Workers, Police Offers and Armed Forces will not need to pay this fee.