MORTGAGES
PROTECTION
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- We offer a comprehensive range of products from across the market but not deals that you can only obtain by going direct to a lender.
- You can contact us 24/7, we're always available to help
Why is mortgage protection so important?
Mortgage protection is one of the most important parts of the whole homebuyer process. It’s a way to protect you and your home, to make sure that the house you’ve fallen in love with, and spent so much money on is protected, should the worst happen.
You’ve always got peace of mind that if an accident occurs or you lost a partner or one of you has a serious illness and becomes unable to work. Mortgage protection is designed so that you don’t have to worry about the house or your finances in these circumstances. It allows you time to focus on more important issues, like recovering and getting well again.
It’s also important to make sure that it’s set up in the correct way so that you’ll get the most out of it. It’s often overlooked by clients when the main focus is getting the mortgage and the house, but it’s important to ensure that once you’ve got that house, you can afford to stay there if the worst happens.
What would happen if somebody didn’t take mortgage protection?
The worst case scenario would ultimately be that, if they couldn’t afford to pay their mortgage, the lender would repossess the house. If the main income earner is unable to work or dies, then it puts a lot of undue pressure on the remaining person, especially if they have a really high mortgage or have children.
Why do we need life insurance?
Critical illness policies payout whilst you’re still alive. Each provider will have different definitions of what a critical illness is, what is covered and how severe they need to be to pay out on their policy. But in general, a critical illness policy will pay you a tax free lump sum on diagnosis of one of the critical illnesses within the policy definitions, for example, cancer, heart attack or stroke, amongst many others.
It allows you to have some financial support if you develop a critical illness and need to take some time off work. Depending on the illness, you might need help with bills or specialist care or you might need to adapt your home. Critical illness cover provides a pot of money to give you security to be able to make your own decisions rather than worrying about rushing back into work and potentially putting further strain on your health.
An important thing about critical illness cover is that the cheapest is not always the best. We’re in a society where everyone wants everything as cheap as possible, but with insurance, the better providers will charge you more.
Ultimately, it’s better to take less cover than an inferior quality policy, because a policy that will pay you a million pounds is useless if they are so restrictive that they are unlikely to pay out. It’s more beneficial to have a smaller, but definitive payout. If you’ve got a set budget in mind for your insurance cover, then we can design and tailor a protection policy to fit in with your life.
What is income protection?
Income protection is a policy designed to provide a lump sum each month to replace part of your income. Unlike life and critical illness covers, where if you were to be diagnosed or have a claim made or not, you would receive a much larger lump sum, income protection is designed to pay a portion of your monthly salary.
There are different options available and depending on the level of cover, the income protection payout could last for anywhere from a year to two years from the point of claim. Some income protection policies will actually pay right through to your retirement age.
With income protection, the monthly payout needs to be in line with what you actually earn because an income protection policy tends to cover 60- 70% of your annual salary. It’s also important to realise that they won’t pay out while you’re receiving any cover from your employer. So if you get three months full pay from work in the event of illness of injury, you would set an income protection to start after three months, so that there are no gaps in income.
What is family income benefit?
Life insurance is really important in securing peace of mind that, if anything happens to you, your loved ones are taken care of. It’s a simple tool and a really simple policy that is designed to protect your family financially, after you die.
Nobody likes thinking about bad things happening, but life has a way of throwing up circumstances we’re not prepared for and life insurance is something everyone should consider. It is usually the cheapest option out of the different covers available, because statistically it’s the least likely event to happen during the period of your mortgage term.
Do I need critical illness cover and how does this differ to life insurance?
Critical illness policies payout whilst you’re still alive. Each provider will have different definitions of what a critical illness is, what is covered and how severe they need to be to pay out on their policy. But in general, a critical illness policy will pay you a tax free lump sum on diagnosis of one of the critical illnesses within the policy definitions, for example, cancer, heart attack or stroke, amongst many others.
It allows you to have some financial support if you develop a critical illness and need to take some time off work. Depending on the illness, you might need help with bills or specialist care or you might need to adapt your home. Critical illness cover provides a pot of money to give you security to be able to make your own decisions rather than worrying about rushing back into work and potentially putting further strain on your health.
An important thing about critical illness cover is that the cheapest is not always the best. We’re in a society where everyone wants everything as cheap as possible, but with insurance, the better providers will charge you more.
Ultimately, it’s better to take less cover than an inferior quality policy, because a policy that will pay you a million pounds is useless if they are so restrictive that they are unlikely to pay out. It’s more beneficial to have a smaller, but definitive payout. If you’ve got a set budget in mind for your insurance cover, then we can design and tailor a protection policy to fit in with your life.
Can you combine policies?
Yes, and it’s a really beneficial part of protection policies, because you can tailor them to fit your needs. You can have income protection with critical illness and life insurance. You can have just life and critical illness and you can really have any combination you would want.
What about planning for inheritance tax?
We aren’t qualified to give specialist tax advice, so always speak to either an independent financial adviser or an accountant about this subject. In general, the main ways that protection policies and inheritance tax interact are in regards to trusts. This is especially important for couples that aren’t married as if one of you were to pass away without a will, that policy might not necessarily go to one another.
If you don’t have a will, then the rules of intestacy will apply and a trust is designed to ensure that the money from the life insurance policy or any of the other policies are paid to the right person and the right time.
Probate is where a will is actioned by a solicitor after someone dies, which can take multiple months. Having a trust put in place takes the proceeds of that policy outside the client’s estate for inheritance tax purposes so it can be paid without probate needing to be settled and it can be paid much quicker. If the policy itself is large, but you didn’t have a trust in place, it would naturally pay into the estate and you could then potentially have an inheritance tax liability bill. By having a trust in place it doesn’t fall subject to inheritance tax.
You can put policies in place like a whole of life policy, which is designed to pay out upon death to settle any inheritance tax bill.
Your home/property may be repossessed if you do not keep up repayments on your mortgage.
Some Buy-To-Let Mortgages are not regulated by the Financial Conduct Authority.
How much should I budget?
Whatever you can afford on a monthly basis. Each client’s income and expenditure is going to be completely different. Some will be able to afford more cover and others won’t be able to afford cover for everything. What’s really important is gauging what’s the most important level of cover for each individual.
It’s difficult to put an exact figure on how much you should budget, but as Mortgage Brokers, we will present different quotes offering different levels of cover, so that it remains affordable. Smokers have naturally higher premiums and ultimately someone with a larger mortgage should expect to budget more, as there is a bigger debt that needs to be protected. Budgeting between 5-10% percent of your monthly mortgage payment is probably a realistic amount to get an adequate level of cover.
What is business protection?
There are two main policies that could be taken out by a Limited Company Director. Relevant life insurance is usually used to protect the shares owned by a person, especially if you’re in partnership with another individual. This would pay out a lump sum to the business to ensure that the family of the person that’s passed away can be remunerated from the business for their shares so that the shares don’t fall to the family to then get passed away.
The other one is key person insurance, which is if you have an especially valuable worker that would be very hard to replace, you can take out a life policy that would pay out on their death to the business to help cover the costs of recruitment or training.
Your home/property may be repossessed if you do not keep up repayments on your mortgage.
Some Buy-To-Let Mortgages are not regulated by the Financial Conduct Authority.
Happy Clients
Jazz Bhangu2026-07-31I found Mohit when doing a local search for mortgage advisors that were local to me. Mortgage Matchmakers popped up with nothing but 5 star reviews. When I reached out to Mohit for an initial discussion, I felt very confident that the 5 star reviews were a true reflection of his service. Mohit was always available to talk through the process, what my options were and unfortunately when my sale and purchase fell through he was very supportive and provided some great advice during what was a challenging period. I always felt like Mohit gave me numerous options and approaches I could take with my new mortgage, I never felt any pressure from him in any shape just excellent advice and guidance throughout what was a stressful period. Mohit has now become my go to guy and will be reaching out to him when my current fixed is due. I would recommend Mohit to family and friends without any doubts, 5 star service from a 5 star guy!!
Nitin Katyal2026-06-03Best in business. From the moment I contacted Bhavna Grover, I was well informed about the options available. I will highly recommend Mortgage Matchmakers.
Loredana Gheorghe2026-05-18Excellent service from start to finish.As a first time buyer, Mohit was professional, responsive, and made the whole mortgage process smooth and stress-free. He took the time to explain everything clearly and worked hard to secure the best deal for me. Highly recommended.⭐️⭐️⭐️⭐️⭐️
Mina T2026-05-15Mohit was really helpful and got me a mortgage offer within a few days! Thank you so much :)
Basavaraj SH2026-04-29I was referred to Bhavna (Mortgage advisor) by a friend, and I’m so glad I was. She has been amazing in helping me with my residential remortgage and finding the best deal suited to my circumstances. Bhavna is incredibly hardworking, responsive, and communicates everything clearly and efficiently, making the whole process stress-free. She truly goes the extra mile for her clients and supports you at every step right through to completion. She also keeps an eye on the market to make sure you secure the best possible deal before everything is finalised. I would highly recommend Bhavna to anyone looking for a reliable and dedicated mortgage advisor.
Jyoti Bains2026-04-02I’ve known Mohit for past so many years, and in that time I’ve seen firsthand just how dedicated, honest, and knowledgeable he is, both professionally and personally. As a mortgage advisor, Mohit goes above and beyond. He takes the time to really understand your situation, explains everything clearly (no jargon or pressure), and make what can feel like a stressful process so much smoother and more manageable. What really stands out is his integrity, you genuinely feel he has your best interests at heart. It’s rare to find someone who combines expertise with such a personal touch. Whether you’re a first-time buyer or remortgaging, you’re in very safe hands. Highly recommend to anyone looking for trustworthy, reliable mortgage advice!
Dripesh Chauhan2026-03-26I would like to thank you Mortgage Matchmakers in helping out the mortgage for our second home. Specially I would like to thank you Bhavna for her dedication and professionalism during the process. I will highly recommend Bhavna of Mortgage Matchmakers Limited for anyone looking for a mortgage. Dripesh & Reena
Jaya Bhardwaj2026-03-17Our experience with Bhavna from mortgage matchmakers has been absolutely fantastic. We have been using her for a while now to get mortgages on several of our properties, including buy to let properties purchased through our limited company and she has always managed to find fantastic deals for us. What particularly stands out is her communication, prompt responses to any queries and her efficiency. Even after the mortgage is approved, she constantly keeps looking to see if any better deals arrive on the market and lets you know if this is the case. She manages everything for you and we have never had any issues with any of the mortgage deals she has sorted for us. Doing business with her is a great pleasure and I would highly recommend Bhavna at Mortgage matchmakers for all of your mortgage needs.
Avanish Tantry2026-03-17I have used Mortgage Matchmakers for several mortgages now and am very happy with their service. Bhavna Grover, who has been our mortgage advisor, is excellent and I can’t recommend her enough. She is professional, very hard working, extremely prompt with her responses and gets things done in super quick time. She has always managed to find really competitive deals for me, including limited company but to let mortgages, and keeps looking out for better deals right till the end. I couldn’t ask for anything more and she completely takes the stress and hassle out of obtaining mortgages. If you are looking for a mortgage advisor and company, look no further than Bhavna and Mortgage Matchmakers.
Richard Smith2026-03-11Mohit was very professional and clearly has a good knowledge of the mortgage market. He was able to secure us a rate ahead of the increase that came in 8 hours later! Would highly recommend for all mortgage related enquiries.