Downton and Ali Associates – Private Clients - Protection - Mortgage Loan ProtectionMortgage Loan Protection

You may want to ensure that loved ones and dependants are secure in their home in the event of your death, that they are not left maintaining monthly repayments on a mortgage or outstanding debts.

A life insurance policy can provide a lump sum to repay a mortgage and any loans in the event of death or illness. Not only will this ensure their home is not lost, it will reduce the burden caused from a lost income.

We would also recommend you include critical illness cover and income protection with your mortgage or loan. If you’re fortunate enough to survive a serious illness or accident, you would receive a lump sum from your critical illness plan to repay any mortgages and/or loans.

Downton & Ali Associates specialise in mortgage protection needs and can ensure you have adequate protection arrangements in place to repay any debts in the event of illness or death.

For further information, please complete the enquiry form or contact our office on 020 8980 1989. One of our professional consultants will be happy to deal with your enquiry, or arrange an appointment at your convenience.

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

We will charge a broker fee of a maximum of £495 or 0.5% of the loan amount, whichever is higher, normally payable on application. Typically this will be £495.

If we charge you a fee and your mortgage does not go ahead you will receive:

A full refund if we cannot find a lender who will accept your application because of your personal circumstances.

A refund of 50% of the fee taken if the purchase falls through or you decide not to proceed before an offer is issued.

No refund if you decide not to proceed after an offer is issued.

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