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As one of your most valuable investments, your home needs to be protected for your family’s security. If you are a homeowner, we recommend Mortgage Protection Insurance to ensure that your home is safeguarded, even during the most challenging times. Whether you’re a first-time homeowner or have been in your home for years, Lightbulb Lending can provide trusted guidance and support. Contact us today to arrange your FREE consultation.
Mortgage protection insurance is designed to provide peace of mind and financial security for you and your family in the event of your death. This type of insurance pays off your mortgage if you pass away during your mortgage term and assures that your family will not risk losing their home if you are no longer able to provide for them. Mortgage protection insurance is a safety net, providing your family with much-needed financial support and stability, even after you are gone.
Mortgage protection insurance covers the remaining balance of your mortgage at the time of your death. In line with your mortgage balance, the coverage typically decreases over time so that it remains affordable and applicable to your requirements. In some cases, mortgage protection insurance can also cover critical illness, providing a payout if you are diagnosed with a serious illness that prevents you from working and paying your mortgage.
At Lightbulb Lending, we are dedicated to helping you find the right type of mortgage protection insurance, tailored to your unique requirements. The terms and costs for mortgage protection insurance are determined by your age, health and the remaining amount to pay on your mortgage. For more information about mortgage protection insurance, contact us today.
Decreasing term insurance is linked to your mortgage balance and decreases over time, whereas level term insurance provides a fixed payout regardless of when a claim is made.
No, mortgage protection insurance is not mandatory, but it is highly recommended to protect your home and family.
Yes, in most cases, your mortgage protection insurance can be transferred when you switch to a new mortgage, but it’s important to review the terms of your policy.
If you pay off your mortgage early, you may be able to cancel your policy, or you may choose to keep it as a form of life insurance.
Yes, many policies allow you to add critical illness cover, providing a payout if you are diagnosed with a serious illness.
The cost of mortgage protection insurance is based on factors such as your age, health, mortgage amount, and the length of the policy term.
Missing a payment may result in your policy being cancelled, so it’s important to stay up to date with your premiums.
In most cases, Mortgage Protection Insurance premiums are not tax-deductible. Contact us today for more information.
Yes, joint policies are available, covering both partners under one policy.
Mortgage protection insurance covers your mortgage balance upon death, while income protection insurance provides a regular income if you are unable to work due to illness or injury.
Mortgage protection insurance is specifically linked to your mortgage, with the payout intended to clear the outstanding mortgage balance. Life insurance provides a lump sum that can be used for any purpose, such as covering living expenses, education costs, or outstanding debts.
We have years of expertise in mortgage insurance solutions. You’re in safe hands with our support and guidance.
We never want to add to your money worries, so we offer FREE consultations and obligation-free quotes.
We work to understand your circumstances, ensuring we personalise our services to your unique needs.
Contact Lightbulb Lending today to discuss Mortgage Protection Insurance requirements and let us help you protect what matters most, your family’s future.
Finding the right mortgage is key to managing your finances and achieving your homeownership goals, whether you’re a first-time buyer or remortgaging.
North Fambridge, Essex, CM3 6FS
Finding the right mortgage is key to managing your finances and achieving your homeownership goals, whether you’re a first-time buyer or remortgaging.
Lightbulb Lending is a trading style of Simply Lending Solutions Limited Registered in England & Wales. Company No 09676170.
Simply Lending Solutions Limited, registered address: Barn 12, Runwell Hall Farm Hoe Lane Rettendon Common Chelmsford Essex CM3 8DQ. Authorised and regulated by the Financial Conduct Authority. We are entered on the Financial Services Register No 745164 at https://register.fca.org.uk/. The information contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.
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