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• Risk factors

  • Since mortgage life insurance is an important financial safety net, it is essential that you give the insurance provider all the information they ask for on the application form and that it is accurate. If you fail to mention something like a medical condition, for example, they may not pay out in the event of a claim.

  • Mortgage Term Assurance (mortgage life cover) offers you reassurance that in the event of your death, or terminal illness, there'll be help paying off the mortgage. It is not connected to the mortgage itself, or the repayments you make on it. If you don't keep up repayments on your mortgage, you may risk losing your home.

  • For Decreasing Term Assurance, if mortgage interest rates average over 10% during the policy term, there may not be enough cover to pay your mortgage off in full.

  • You must read both the appropriate Key Features document and the Policy Conditions document carefully before buying mortgage life insurance.  They clearly detail the circumstances under which the policy would not pay out, as well as other terms and conditions.

  • Mortgage life insurance plans are not investment products. They have no cash-in value at any time. Also, if you stop paying the premiums before the end of your policy, your cover will end after 30 days.

Your property may be repossessed if you do not keep up repayments on your mortgage

We do not charge for our advice on protection insurances as we receive commission from the lender.

Coleman Clough Mortgages is an appointed representative of Coleman Clough Investment Management which is authorised and regulated by the Financial Service Authority.

Coleman Clough Mortgages, The New Barn, Home Farm, The Avenue, Esholt, West Yorkshire, BD17 7RH