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Income Protection

Income Protection Insurance provides a replacement income if you are unable to work

How would you make your mortgage payments if you lost your job?

Income Protection Insurance provides a replacement income in the event you are unable to work due to a serious illness or injury, up to 65% of gross income. The income protection provides a tax-free benefit that can continue to pay until you return to work or reach retirement, ensuring essential household bills are continued to be met e.g. mortgage payments.

This benefit can begin to pay-out in as little as 4 weeks up to 24 months from date of claim, this deferral period is set by you at outset depending on your budget and requirements. Both short-term income protection and long-term income protection policies are available and again, will come down to individual requirements.

We will advise you on the factors that you need to think about and what will be the most cost-efficient policy to meet these requirements.  Clearly the level of cover is going to drive the cost and should be enough to meet your outgoings, but also the deferral period though which you will wait to receive payment is going to be very important both in terms of being able to manage and also, again for the cost of the cover.

Income Protection

It's important to ask yourself:

  • What is my monthly cost of living?
  • How long could I live off my savings and pay my bills without a regular income?
  • Could I afford to live on Statutory Sick Pay alone?
  • Does my employer offer any cover above Statutory Sick Pay if I am ill, and if so, how much?

Our Process

With our professional mortgage advisers you can expect the following:

We’ll have an initial discussion to discuss your requirements.

Review the market
Find the most suitable product to meet your needs.

Report and Recommendations
Report our findings, including a full recommendation outlining our rationale.

Full Submission
Submit an application, along with supporting evidence for the provider and see through to completion.

Ongoing Support
Provide support with all your future mortgage and life assurance requirements.

Bigmore Mortgages

Telephone: 01932 253939

Client Portal

Manage your mortgage online.
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"As a first time buyer I'm so grateful to Chris for all of his help throughout the whole process. I had a few extra requests during my purchase and Chris was extremely flexible, helpful and accommodating. I cannot thank Chris enough for such a smooth process and I highly recommend him to anyone looking for a mortgage."

Louise Chender

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