Cover that helps you over a bad patch
Though you may only be out of work for a short while, protecting your income is imperative.
COVER FOR THE SELF-EMPLOYED
If you run your own business, we can help you find the most suitable plan to offer support if you’re unable to work as a result of injury, accident or unemployment.
We can help you access a number of short-term income protection options from a range of providers.
You'll always get a personalised service based on your specific needs. What's more, we'll do all the paperwork for you.
Understanding short-term income protection
Similar to standard income protection, short-term income insurance will cover you in the event of redundancy or a small injury that has deemed you unable to work. The main difference is that this type of cover will only offer protection for a fixed amount of time, depending on your policy. This may be ideal for anyone on a monthly wage who will be out of work for a short period, such as a few months.
If you’re receiving statutory sick pay whilst you’re off, this level of protection will cover any outgoings that your reduced income is unable to, ensuring your bills, mortgage and other expenditures are covered.
What are the benefits?
Short-term income protection will offer you financial support when you’re unable to work. It goes much further than statutory sick pay, for example it will provide you with a monthly benefit until you return to work or for an agreed period, usually a maximum of two years.
How is it useful?
Insurance for income protection is particularly useful if: •You don’t have any savings •You run your own business •You have minimal sick pay entitlement with your employer It’s important to remember there is often a period between when you stop working and when you start receiving payments.
What isn’t covered?
Some scenarios will not be covered by these policies, they include: •Pre-existing health conditions or illnesses •Self-inflicted injuries •Voluntary redundancy •Seasonal unemployment
What does a mortgage adviser do?The world of mortgaging is complex. Especially when it comes to lending for Buy to Let and the like, it's crucial to research numerous lenders and take a more specialist approach to the process. A mortgage adviser will do the leg work for you, offering in-depth knowledge of the property lending market, helping you overcome challenges, and offering exclusive access to a database of banks and lenders. What's more, they offer a level of support that streamlines the entire process and makes things easier for you.
How can I get the best mortgage advice?You can seek advice on mortgages directly from lenders such as banks or building societies. Alternatively, you can go to a whole of market mortgage adviser or broker who will search and compare numerous products at the touch of a button.
Is mortgage advice free?The cost of mortgage advice depends on the terms and conditions of the adviser. Some mortgage advisers might charge for their services but this will usually depend on your requirements and on the value of your mortgage. We offer a free consultation every time and will quickly confirm if there will be any charge for our services and support. In the majority of cases, we will receive a commission from the lender once a mortgage starts. It’s important for you to clarify terms and conditions with mortgage advisers from the start so that you are aware of any charges and financial responsibilities you may incur. Check our Fees page for a full rundown on broker fees.
Do banks charge for mortgage advice?No, banks will not charge an advice fee. You do however need to remember that they will only recommend their own specific products. Whole of market mortgage advisers are more likely to provide an impartial perspective on the most suitable and competitive mortgage products and via a variety of lenders.