Income Protection Insurance Plymouth – Secure Your Future with Mortgage HQ
Buying a home is one of the biggest financial commitments you will ever make, and ensuring you can keep up with your mortgage payments—even if you’re unable to work—is essential.
Income protection insurance provides a financial safety net, helping you cover your bills and mortgage if you can’t work due to illness or injury. This can be one of the most important insurances you can have for helping you have piece of mind that if an accident such as a broken bone or even an illness that doesn’t allow you to work in the short term happens you are covered.
At Mortgage HQ, we help homeowners in Plymouth, South Hams and wider UK find the best income protection insurance policies tailored to their needs.
What is Income Protection Insurance?
Income protection insurance is a policy designed to pay out a percentage of your salary if you are unable to work due to illness or injury. The policy ensures you can continue covering essential living expenses, including your mortgage payments, household bills, and daily expenses, until you’re able to return to work.
Key features of income protection insurance:
✔️ Provides a monthly tax-free income if you can’t work.
✔️ Covers a wide range of illnesses and injuries that prevent you from earning.
✔️ Payments continue until you can return to work or the policy term ends.
✔️ Can be customised to fit your specific needs and budget.
Do You Need Income Protection Insurance to Get a Mortgage?
Income protection insurance is not a legal requirement when applying for a mortgage, but it is highly recommended. A mortgage is a long-term financial responsibility, and if you were unable to work due to unexpected circumstances, it could put your home and people living inside the home at risk of losing their residence.
Having income protection in place gives you peace of mind, knowing that if anything happens, you’ll have financial support to keep up with your mortgage and other essential payments.
What Does Income Protection Insurance Cover?
Income protection insurance generally covers:
- Illness and injury that prevent you from working.
- Long-term or temporary disabilities.
- Mental health conditions that impact your ability to work.
- Partial payments if you can return to work in a reduced capacity.
Each policy can be tailored to your individual needs, including the amount you receive, the waiting period before payments start, and the length of time payments will be made. We can customise the policy to your specific needs.
Why Choose Mortgage HQ for Income Protection Insurance?
At Mortgage HQ, we know that buying a home is a major financial step, and protecting your income is just as important as securing your mortgage. Here’s why homeowners in Plymouth choose us for their income protection insurance and mortgage needs:
✅ Expert, Independent Advice
We provide tailored guidance based on your specific circumstances, helping you find the best income protection policy at the most competitive rates. As independent advisors our goal is to achieve the best possible outcome for you as a client and not the lender.
✅ Access to the Best Insurance Providers
We compare policies from leading UK insurers to ensure you get comprehensive cover that meets your needs and budget. We have access to 90 different lenders with over 12,000 products.
✅ Seamless Mortgage & Insurance Process
We can arrange both your mortgage and income protection insurance in one smooth, hassle-free process, ensuring your home and financial future are fully protected.
✅ Local, Friendly Service
As a Plymouth-based mortgage and insurance broker, we offer personal, face-to-face support, guiding you through every step with clarity and care. We also offer Online and Phone appointments to make it as convenient for you as possible.
Get Expert Income Protection Insurance Advice in Plymouth
Whether you’re a first-time buyer, home mover, or remortgaging, securing income protection insurance is a crucial step in protecting your financial future. Let Mortgage HQ help you find the right policy.
Secure your income, protect your home – let Mortgage HQ help you find the best income protection insurance today! Fill in the contact form at the bottom of this page to get in contact and arrange an appointment with us today.