Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
Buying a property is a big investment and you never know when your circumstances may change, when insuring with Chesterton Private Finance you will receive honest expert advice, security and peace of mind.
Chesterton Private Finance specialise in all areas of property related insurance. There are three main types of insurance you need to consider alongside your mortgage and whilst we normally arrange this at the same time as the mortgage we can provide this service at any time for you.
Life insurance is designed to pay a lump sum to your beneficiaries if you die. Particular types of policy are tailored to mortgages so that your loan is paid off if you die before the loan is repaid. This is vital protection if you have a family.
As an added protection you can upgrade to critical illness cover which carries the same benefits but is paid out if you develop certain pre-determined critical illness.
Buildings and Contents Insurance protects your property and contents. Most lenders will insist on you insuring the property and its sensible to cover your contents as well. Price is often the main deciding point but you need to be careful with some of the cheaper policies available which do not cover certain risks
For both Life Insurance and Buildings and Contents insurance Purely offer an advised service from a panel of leading insurers enabling us to get you the best deal for the cover you require .
Payment Protection Insurance is designed to pay your mortgage payments if you are unable to work through accident or sickness or because you have been made unemployed.
State assistance is no longer available for the vast majority of people and it is sensible to have this protection in place for what is probably your largest financial commitment. With Purely Mortgage’s purchasing power they have negotiated one of the markets cheapest covers. The benefit pays out for a maximum of 12 months – enough time for you to get your affairs back in order.