Income Protection

Income Insurance & Protection Advisors In Milton Keynes

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Income Protection can provide you with a regular monthly income if you suffer a loss of earnings due to ill health or accidental injury. This benefit will pay a proportion of your income, and is designed to help support you financially whilst you are unable to work, or for a fixed period of time.

Income Insurance policies are designed to payout until you go back to work, however, if you are interested in this type of cover but can't afford to take full Income Protection there is a default option which will pay out for up to two years only which is cheaper with a lower monthly premium.

Income Protection policies are designed to last for as long as you're in employment, and because retirement plans vary you can decide at what age you'd like your policy to end. As long as you keep paying the premiums the benefit will remain in force, however it is worth noting that these types of policies have no cash–in value at any time.

Many Income Insurance policies also give you access to added value services and benefits, some of which may be automatically included and others may be at an extra cost.

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All of our brokers deal with the whole of the mortgage market. It doesn’t matter what the question or when you want to speak to us, we have brokers available on the phone or face to face seven days a week. Whether you are just thinking of buying a home and have no idea where to start, a seasoned investor or someone looking to better your current mortgage product, we are happy to help andchat over ideas free of charge.

So we can give you plain and simple advice we will run through some basic questions to help us tailor products to suit your needs. Upon us taking your application forward we will write to inform you that we have given you advice and give you a Key Facts Illustration breaking down the important elements of the product and the fees involved.

For us to take your application forward to a lender we charge an upfront administration fee of £495. For our returning customers looking to renew their mortgage product this fee reduces to £250. We also receive commission from the lender.

Our fee is payable upon mortgage application. The typical fee for a regulated mortgage is £495. However, for applications involving a poor credit history or loan amounts under £50,000, an additional fee of £150 will apply.

For existing customers, we offer a reduced fee of £250 for remortgages and £395 for purchases, with no charge for product transfers.

For buy-to-let mortgages, the fee is £595, and for limited company buy-to-lets, it is £695. Fees for commercial mortgages are determined by the nature of the finance and the loan structure, with a minimum charge of £1,000. Additional fees may apply.

We will receive commission from the lender in addition to the fees you pay. As with all insurance policies, conditions and exclusions will apply.

Your home may be repossessed if you do not keep up repayments on your mortgage. You may have to pay an early repayment charge to your existing lender if you remortgage.

Covering Milton Keynes.

Registered Office: Mortgage Light Ltd, 15 High Street, Brackley, England, NN13 7DH. Registered Company Number: 8184773. Registered in England & Wales.

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