Near you, no matter where you are.
Appointed Representative of The Right Mortgage Network (FCA No. 1004260). Company No. 15189091. Registered in England and Wales.
Protection · Life and health
Mortgage Protection Insurance
“If you couldn’t work, could you still pay the mortgage?”
Mortgage protection covers your monthly mortgage payment if you’re unable to work due to accident, sickness or unemployment. It’s focused, affordable and designed to do one job well.
FCA regulated · leading UK insurers · 5 star reviews
Quick answer
Mortgage protection pays your monthly mortgage payment if you can’t work because of accident, sickness and, on some policies, unemployment. Payouts usually last 12 or 24 months per claim. The main thing to know is that it’s short term, targeted cover, so for longer illnesses income protection is usually stronger.
What it pays
Your monthly mortgage payment
How long
Usually 12 or 24 months per claim
Redundancy cover
Available on some policies
Main thing to watch
It’s short term cover
How mortgage protection works
You choose a monthly benefit linked to your mortgage payment and which risks you want covered: accident, sickness, unemployment, or a mix.
After a waiting period the policy pays each month for a limited period per claim.
Level underwriting agrees the benefit upfront, so you know exactly what you’ll receive.
Redundancy cover explained
Unemployment cover usually has a qualifying period at the start, and doesn’t apply if you knew redundancy was likely when you applied.
Self employed and contract workers may find redundancy cover limited. We’ll check the terms against your situation.
Eligibility and what insurers assess
Who may qualify
Homeowners with a mortgage who work a minimum number of hours.
Employment
Unemployment cover usually needs permanent employment.
Health and medical history
Affects accident and sickness cover.
Mortgage payment
Benefit linked to your monthly payment.
Occupation
Can affect price and eligibility.
Common reasons for exclusions
Pre existing conditions or known redundancy risk.
What happens from first call to completion
1
Understand what you need to protect
We look at your mortgage, income, family and existing cover, including anything through work.
2
Work out the right amount and term
We size the cover to your debts and plans, so you’re not over or under insured.
3
Compare insurers on cover, not just price
Definitions and exclusions vary. We compare the policy wording as well as the premium.
4
Complete the application accurately
We help you answer the health and lifestyle questions fully, because that’s what makes a claim pay.
5
Handle underwriting
If the insurer needs GP reports or more information, we chase it and keep you updated.
6
Put cover in place and in trust
Once accepted we set the start date and, where it applies, help you write the policy in trust.
Costs, risks and when it may not be suitable
Being upfront about this is part of doing it properly.
What affects the cost
- Your age and health when you apply
- Smoking and lifestyle
- The amount and length of cover
- Guaranteed or reviewable premiums
- Optional extras such as indexation or waiver of premium
Risks to weigh up
- Payouts stop after the claim period, even if you’re still unwell
- Unemployment cover has waiting periods
- Insurers can refuse a claim if information given at application was inaccurate or incomplete
When it may not be suitable
- If you want long term illness cover, income protection is usually better
- If you’re self employed, unemployment cover may not apply
What you will need
The exact list depends on the insurer, but this is what to start gathering.
Photo ID and proof of address
Mortgage payment details
Employment details
GP name and address
Medical history
How MBNM helps
- Work out how much cover you actually need and for how long
- Compare leading UK insurers on definitions, not just price
- Help you disclose your health and lifestyle properly so claims pay
- Explain premiums, trade offs and exclusions in plain English
- Handle underwriting and chase medical evidence
- Set up trusts where they apply and review cover when life changes
What it costs
Your first chat is free. If we can help, we will explain any fees before you decide whether to proceed. There are no hidden fees, and we will not move forward until you have agreed them.
Mortgage Protection FAQs
How is it different to income protection?
What does level underwriting mean?
Does it cover redundancy?
How long does it pay?
Can it cover bills too?
Is it the same as life insurance?
Want your mortgage covered if you can’t work?
We’ll compare short term and long term options and show you which fits your job and budget.
Your first conversation is free and there's no obligation. If we can help, we'll explain any fees before you decide whether to go ahead.
Cover is subject to the insurer's terms, underwriting and exclusions.