A mortgage broker who also specialises in protection for families goes beyond simply securing your dream home, we also ensure that our clients have financial security in case of unexpected life events. By offering services such as life insurance, critical illness cover, and income protection, we help families safeguard their homes and maintain stability even in difficult times. Our expertise allows us to tailor solutions that fit each family’s unique needs, ensuring that mortgage payments and living expenses remain manageable, no matter what challenges arise. With a commitment to long-term financial well-being, they provide peace of mind, knowing that loved ones are protected now and in the future.
As with all insurance policies, conditions and exclusions will apply.
Life insurance is a financial safety net that provides a lump sum payment to your loved ones if you pass away during the policy term. This payout can help cover essential expenses such as mortgage, daily living costs, debts, and even future expenses like children’s education. By having life insurance, you ensure that your family maintains financial stability and isn’t burdened with financial hardship during an already difficult time. It offers peace of mind, knowing that your loved ones will have the financial support they need to maintain their lifestyle and secure their future, even in your absence.
Income protection is a type of insurance that provides you with a regular income if you’re unable to work due to illness or injury. Unlike a one-time payout, it typically pays a percentage of your salary until you can return to work or reach retirement age, depending on the policy. This can help cover essential expenses like mortgage payments, bills, and daily living costs, ensuring that you and your family maintain financial stability even if you’re unable to earn a regular income. Income protection gives you peace of mind, knowing that you won’t have to rely solely on savings or nominal government benefits if the unexpected happens.
Critical illness cover is an insurance policy that provides a lump sum payment if you’re diagnosed with a serious illness specified in the policy, such as cancer, heart attack, or stroke. This payout can help cover medical expenses, household bills, mortgage payments, or any necessary lifestyle adjustments, ensuring you and your family remain financially secure during a challenging time. Unlike income protection, which provides ongoing payments, critical illness insurance offers a one-time lump sum, giving you flexibility in how you use the funds. It can relieve financial pressure, allowing you to focus on recovery without the added stress of lost income or mounting expenses.
Family Income Benefit is a type of life insurance designed to provide your loved ones with a regular, tax-free income if you pass away during the policy term. Instead of a lump sum payout, it ensures that your family receives a steady income for the remaining duration of the policy, helping to cover essential living expenses such as mortgage payments, bills, and daily costs. This can be especially beneficial for families with young children, as it provides financial stability and continuity, making it easier to maintain their current lifestyle. By removing the worry of managing a large payout, Family Income Benefit offers a practical and affordable way to protect your family’s future.
Buildings and contents insurance is a type of home insurance that protects both the structure of your home and the belongings inside it. Buildings insurance covers the cost of repairing or rebuilding your home if it’s damaged by events such as fire, flooding, or storms, while contents insurance protects your personal possessions against risks like theft, accidental damage, or loss. This type of insurance is important because it ensures that you won’t face significant financial hardship if unexpected events damage your home or belongings. Whether it’s repairing structural damage or replacing valuable items, buildings and contents insurance provides peace of mind, knowing that your home and everything in it is financially protected.
Red Abbey Mortgages Ltd is an Appointed Representative of Stonebridge Mortgage Solutions Ltd which is authorised and regulated by the Financial Conduct Authority. Registered Office: 128, City road, London, EC1V 2NX Registered company number (15442821) in England & Wales.
FCA number: 1010342
Mortgage – Your home may be repossessed if you do not keep up with repayments on your mortgage.
Remortgage – You may have to pay an early repayment charge to your existing lender if you remortgage.
BTL – Your property may be repossessed if you do not keep up with repayments on your mortgage. Not all buy to let mortgages are regulated by the Financial Conduct Authority.
Protection – As with all insurance policies, conditions and exclusions will apply.
The Buy-to-Let market is in the midst of a radical shake-up. Major tax changes have made it much less appealing for ordinary investors and accidental landlords, and more a target for the serious property investor instead.
With this in mind, I’ve removed my Buy to Let guide due to these tax changes, ensuring my advice remains accurate and relevant to the current market. If you would still like advice on this then please get in touch.
Your property may be repossessed if you do not keep up with repayments on your mortgage. Not all buy-to-let mortgages are regulated by the financial.
RED ABBEY MORTGAGES LTD will be what is known as the ‘controller’ of the personal data you provide to us. We only collect basic personal data about you which does not include any special types of information or location-based information.
We need to know your basic personal data so we can contact you and respond to your message, request or query. All the personal data we process is processed by our staff in the UK.
Your data will only be shared with third parties if this is necessary to respond to your request. If this is the case, we will seek your permission before passing on your details.
We may store your data for up to six years past the end of any business relationship, after which time it will be securely destroyed. If you would no longer like us to process your data at any time, you have the right to object to processing your data. To do this, please contact edward@redabbeymortgages.co.uk
You have the right to object to the processing of your data. You also have the right to request access to your data at any time. You have the right to rectification and/or erasure of personal data or restriction of processing. If you wish to raise a concern related to how we have handled your personal data, you can contact us to have the matter investigated at compliance@sdlgroup.co.uk. If you are not satisfied with our response or believe we are processing your personal data not in accordance with the law, you can complain to the information commissioner’s office: https://ico.org.uk
