Rosewood Financial Advisers
Looking For Protection For Your Home?
Insurance & Mortgage Protection
When taking out a new mortgage it is vitally important that you consider other mortgage-related insurance products such as life assurance, critical illness cover and income protection as well as buildings and contents cover. In the majority of circumstances the state will not assist you with any help covering your mortgage payments if you end up out of work due to accident, sickness or unemployment during the first nine months. It is therefore your responsibility to ensure that you have sufficient protection in place to make sure you can maintain your mortgage payments should your circumstances change.
We offer a variety of protection cover products. Including life assurance, which helps to ensure a payout upon death which can be left to any dependents. Critical illness cover policies which pay out a lump sum in the event of being diagnosed with one of a specified number of illnesses. Also Income protection which can provide an income in the event of absence from work due to accident or sickness. We also can arrange buildings and contents cover. Mortgages include Building insurance as a condition, so having a policy in place is essential, as not having one could put your mortgage, and your home, at risk.
At Rosewood Wealth we advise you on the cover best suited to match your requirements. We are also happy to go through any existing cover and highlight any potential shortfalls you may have in the event of loss of income during the term of your new mortgage. We will ensure to go through everything thoroughly with you and outline all the facts so you can feel fully prepared to make the most informed decisions regarding insurance and protection for your mortgage.
PROTECT YOUR MORTGAGE
At Rosewood Wealth, we offer a range of protection cover. We are here to help and guide you to find the right level of cover to give you complete piece of mind.
Frequently Asked Questions
How often should I review my cover?
You should review your life insurance, mortgage protection and income protection regularly to ensure that it is still suitable to your changing needs and also to make sure you are not missing out on better cover available in the marketplace.
What events should make me look at changing my cover?
Don’t fall into the trap of ‘set it and forget it’. Your protection policies should adjust and move with your circumstances. Some triggers to keep in mind as times to ensure you review your cover are; having a baby, getting married, buying a home, changing jobs or health changes.
If life insurance required to get a mortgage?
Life insurance is not a requirement for getting a mortgage, however it is highly recommended to take out a suitable policy with adequate cover to ensure your family home is protected in the event of your death or on diagnosis of a specified critical illness.
How does the insurance company determine my premium?
Premium rates are typically based on factors such as age, height, weight, health status (including whether or not you use tobacco), and if you participate in high-risk activities or occupations.
Hear what a few of our highly satisfied clients have to say
I found everything excellent and could not criticise at all. Any concerns are usually dealt with by return. Could not ask for any more.
Client In Derbyshire
I have continued to use Donna and I continue to be completely happy with the service she provides. My circumstances have changed and Donna has helped me to adjust my finances. She is the advisor that I recommend to family and friends.
Client In Derbyshire
Shannan was fantastic made the process really easy to understand and supported me at every step, without Shannan and her expertise i wouldn’t have known where to start.
Client In Derbyshire
Contact our experts
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Rosewood Wealth Management Ltd
Registered in England and Wales Registered Company Number : 08291755. Registered address: 388 Brimington Road, Chesterfield, Derbyshire S41 0TF. Directors: Donna Robertson & Shannan Pool-Gorman
What to do if you have a complaint: If you have a complaint or dispute with us, you are entitled to make a complaint. We have a complaints procedure that is available on request. If you wish to register a complaint, please contact us either in writing, by telephone or email. If you wish to register a complaint, please contact us: In writing: Shannan Pool-Gorman, 388 Brimington Road, Chesterfield, S41 0TF. Email: email@example.com, or by telephone 01246 932300. Please be assured we treat complaints seriously. For your protection, if you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service (‘FOS’). Please see the following link for further details: http://financial-ombudsman.org.uk/.
A lifetime mortgage is secured against your home and is a complex product. To understand the features and risks, ask for a personalised illustration. Your home or property may be repossessed if you do not keep up the repayments on your mortgage. You may have to pay an early repayment charge to your existing lender if you remortgage. The value of your investment can go down as well as up and you may not get back the full amount invested. Accessing pension benefits early may impact on levels of retirement income and your entitlement to certain means-tested benefits. Accessing pension benefits is not suitable for everyone. You should seek advice to understand your options at retirement.
© 2019 Rosewood Wealth Management | Rosewood Wealth Management is a trading style of Rosewood Wealth Management Ltd which is Authorised and Regulated by the Financial Conduct Authority – number: 841587. You can check this on the Financial Services Register by visiting the FCA’s website – or by contacting the FCA on 0800 111 6768. The Financial Conduct Authority does not regulate taxation advice, university/school fees planning some aspects of buy to let mortgages. The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK. The FCA’s consumer website address can be found here.