THE MOST IMPORTANT PART OF HOME OWNERSHIP, IS KEEPING YOUR HOME!
We’re not going to pull any punches here. This is quite simply the most important part of home ownership, making sure that whatever hand life deals you, you and your loved ones are financially protected.
The world of mortgage lending is pretty simple. Banks lend you money to buy a house. If you cant pay the payments back, they will take the house back off you! That’s not a scenario ANYONE wants.
It’s usually an adverse life event that causes a reduction in household income, which can place strain on affordability. These could be:-
- Death of a wage earner
- Someone in the family suffers a very serious illness (like cancer, heart attack or stroke etc)
- Long term illness that stops a wage earner going to work (stress, bad back etc)
- Redundancy
We have a duty of care to make sure all our clients are aware of what could happen, but also how they can protect themselves against the above. The good news is we work with a large panel of the UK’s largest insurers and are truly experts in our field here.
Talk to us for a no-obligation chat for further details on how best to protect your family, but in the meantime, we’ll leave you with a quote from (in our opinion) the UK’s greatest ever Prime Minister……
“If I had my way, I would write the word ‘insure’ over every door of every cottage and upon the blotting pad of every public man, because I am convinced that, for sacrifice that are conceivably small, families can be secured against catastrophes which otherwise would smash them forever.”
THE LEGAL STUFF
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Our initial mortgage consultation is free. Elevation Mortgages usually charge a fee for mortgage advice. The amount charged is dependent on the amount of research and administration needed and will be discussed and agreed with you at the outset of any conversations.
The guidance contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK.