Mortgage Protection: What It Is & Why You Need It

💡 What Is Mortgage Protection?

Mortgage Protection is a type of insurance designed to help pay off or cover your mortgage if something happens to you—like death, critical illness, or loss of income due to injury or sickness.

It gives you and your family peace of mind that, no matter what life throws your way, your home stays your home.

🔐 The 3 Main Types of Mortgage Protection

Let’s break down the key types of cover:

1. Life Insurance

Pays out a lump sum if you pass away during the policy term. This can be used to clear the mortgage so your family isn’t left with the burden of repayments.

📌 Ideal for: anyone with dependents who relies on their income to pay the mortgage.

2. Critical Illness Cover

Pays a tax-free lump sum if you’re diagnosed with a serious illness (e.g., cancer, stroke, heart attack) listed in your policy. This payout can help cover your mortgage or medical costs while you focus on recovery.

📌 Ideal for: homeowners who want a safety net if their health takes a hit.

3. Income Protection

Replaces a portion of your income each month if you’re unable to work due to illness or injury—helping you keep up with mortgage repayments and household bills.

📌 Ideal for: self-employed individuals or anyone without sick pay.

🧠 Why You Need It

Here’s the truth: if your income suddenly stopped, how long could you keep paying your mortgage?

If the answer is “not long,” you’re not alone—and that’s exactly why mortgage protection matters.

✔️ Keeps your family secure
✔️ Protects your biggest financial commitment
✔️ Reduces stress during life’s hardest moments
✔️ Helps you stay in your home, no matter what happens

Think of it as a financial parachute—something you hope you never need, but you’ll be so glad it’s there if you do.

🧾 Is It a Legal Requirement?

No, you’re not legally required to take out mortgage protection. But many lenders strongly recommend it—and for good reason. Without it, your home could be at risk if you're unable to make repayments.

🤝 How We Can Help

At Go2Mortgages, we don’t just sort your mortgage—we help you protect it, too. As brokers, we look at your full picture and recommend cover that fits:

✅ Your budget
✅ Your lifestyle
✅ Your family’s needs

No pressure, no jargon—just honest advice.

📞 Let’s Talk

Whether you’re a first-time buyer or reviewing your existing protection, we’re here to help you get the right support in place.

Get in touch today for a no-obligation, friendly review.

Your home may be repossessed if you do not keep up repayments on your mortgage.

The information contained within was correct at the time of publication but is subject to change.