Life insurance is designed to pay out, usually in a lump sum, in the event of death. With regards to your mortgage, the sum assured should be enough to pay off your outstanding balance. One of our dedicated protection and mortgage advisors in Nottingham will be able to take at look at specific details with you and help you to find the most appropriate insurance deal for your personal and financial situation.
It will be entirely dependant on your personal circumstances and which policy you end up choosing. If you go for a more complicated policy, you will likely be paying more. Of course, if it is more simple, you may be paying less.
Your first Life Insurance quote will factor in things like your lifestyle, age and medical history. If you are younger and healthier, you will also probably be paying a lot less.
In the event that a claim has to be made, the cover can either be paid out all in one go as a lump sum, or periodically as a regular payment. This again, depends on the options the original policy holder decided to choose.
When you take out the policy, it is entirely up to you how your insurance is used. As an example, you can set it out so that when you pass away, your mortgage debt is paid off. Once again, this is completely up to you.
It’s very important to us that all of our customers are given an equal opportunity to take insurance our through ourselves. We wouldn’t be doing our job right if we didn’t mention it!
We offer all of our customers a free, no-obligation protection review where we’ll have a look at any existing policies you have in place and assess their suitability. We’ll then recommend which products, including critical illness and income protection that meet your needs. If required, we’ll then tailor the plan to match your available monthly budget.
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The fee is up to 1% but a typical fee is £495.
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4.96 Rating355 Reviews
Rachel
Conor (Mortgage Advisor) and Lizzi (Case Manager) have been fantastic from start to finish. As first time buyers, we felt the information was explained clearly and updated regularly. I would recommend them to anyone!
3 weeks ago
Heather
Recommended by a friend. For us as first time buyers it was absolutely the best decision to come to Chris at Notts money man. The advice and finding the right products felt easy and we learned as we went through the process. Will definitely come...
2 months ago
Anonymous
Very efficient and good communication. I had a good experience and successfully applied for a mortgage with their help.
3 months ago
Robert
UK Money Man, Conor and the team were great and sourced us a mortgage that we were unsure we could get. Second time using UK Money Man and we would certainly use them again. Fantastic service
5 months ago
Olivia
As a first-time buyer, I wasn’t really sure what to expect with getting a mortgage, but Matt at Nottingham Money Man was brilliant from start to finish and immediately put us at ease from the first phone call. He explained everything really...
6 months ago
Anonymous
Very helpful, just what we needed.
6 months ago
Karen
Smooth transition. Meetings on time. Lovely and really helpful staff who know what they’re doing and all for your best interest.
6 months ago
Katie
These mortgage brokers are amazing, there quick responses made a stressful time feel like a breeze and answered any questions I had promptly and in detail. I could not recommend a better mortgage broker!
6 months ago
Christian
Great service and independent advise one again and our 3rd remortgage with Nottinghammoneyman. Found us a great option once again and a mortgage offer recieved very quickly. Would strongly recommend to anyone.
7 months ago
Abigail
I've used these Mortgage Brokers since I purchased my first house. I have renewed my mortgage with them twice since, it's helpful that they send you a reminder to discuss options 6 months before the renewal. Conor Longthorn who helped me with...
7 months ago
Anonymous
The staff (Matt and Lewis) were really helpful at every stage and got me a mortgage without much hassle at all.
7 months ago
E
Brilliant service from Paula Milner and Malcolm! If you have a particularly complex case as mine was this is the team whose hands you want to be in. Paula has the patience of a saint and handled the ups and downs of this process with empathy and...
7 months ago
Anna
Have dealt with this company for a few years now. Always seems hassle free and straight forward. Very good communication via email and phone appointments. Will continue to use and recommend 👍
8 months ago
Mr Christopher
Was very helpful and couldn’t thank enough
8 months ago
Dylan
Can’t thank Leo from Nottingham Money Man enough, with us every step of the way answering all the questions us as first time buyers had and helping with organising solicitors and lift insurance, can’t recommend this gent enough.
9 months ago
Tom
Charlie and Lizzi were always quick to respond whenever we got in touch and never failed to be helpful with all of our queries and requests.
9 months ago
James
This was my third mortgage with Nottinghammoneyman and they were excellent as always. There were lots of issues with the lender and they took the stress off by chasing them for me a lot.
10 months ago
Maggie
Both Dinah and Jo were great,friendly patient when answering my questions and throughly professional at all times. I am a first time buyer so knew nothing of the process involved. So thank you Dinah and Jo you couldn't have made it any easier for me
11 months ago
Emma
Malcolm was very patient, with me taking a long time to choose a property and with me being very indecisive. He support me through the whole thing and was always at the other end of the phone for any question or support!
11 months ago
Shaun
Listened, advised well and very efficient. Excellent
11 months ago
During your free initial insurance review, we will delve into your history and gather pertinent details to create a customised plan that aligns with your financial resources.
With our team, they can search through an extensive array of insurance products, identifying the one that best caters to your distinct requirements and financial circumstances.
Once you are content with the product we have recommended, we will proceed with submitting your application to the provider. In certain instances, the policy provider may need additional information prior to accepting the application.
As your circumstances change, the policies you initially acquired when you obtained your mortgage may no longer be suitable for your situation, which is why we can make sure your policies are always up to date and provide you with expert mortgage advice in Nottingham along the way.
We offer all of our customers a Free Insurance Review in Nottingham. Get yourself booked in for a free insurance appointment, by using our contact form, booking feature or phone number, and we will see how we can help.
A insurance and mortgage advisor in Nottingham will take a look at your personal and financial situation before they recommend you the best potential policy for you to take out. They will always remain open and honest with you, keeping you comfortable at all times. If you are unsure about anything during your Life Insurance process, your advisor will gladly discuss this with you.
We always want to ensure that our customers are well protected with a Life Insurance policy in place. This means that if you pass away, your family are safe in the knowledge that your payments will be covered with the payout of your policy.
As a mortgage broker in Nottingham, we’ve found that Life Insurance is typically taken out in conjunction with other policies, depending on your personal situation. Find out more by heading to our other insurance guides and pages.
If you are thinking of taking out more than one insurance policy, there are other options to explore with Nottinghammoneyman. We offer menu plans to allow you to set up multiple different policies at once. Contact us to find out more and we will see whether we can help.
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