Secure Your Mortgage and Protect What Matters Most
Buying a home is one of the biggest milestones in life. But along with the excitement of owning a house comes the responsibility of ensuring your family and property are financially protected. At HomeBuyers Life Insurance, we specialise in life insurance tailored to your mortgage needs—so you can enjoy your home with peace of mind.
Whether you’re a first time buyer, remortgaging, or moving to a new property, having the right insurance in place can be crucial. We’re here to guide you through everything from mortgage life insurance to critical illness cover and help you choose the best plan for your personal circumstances.
Do You Need Life Insurance When Buying a House?
Do you need life insurance when buying a house? While it’s not a legal requirement, many mortgage lenders highly recommend or even require a life insurance policy to ensure the mortgage is paid off if something happens to you. It’s all about financial protection—for your family, your home, and your future.
Without life insurance, your loved ones could be left struggling to meet mortgage repayments or other debts. Having the right cover in place means they won’t have to worry about keeping up with monthly payments or covering the remaining balance on the mortgage.
Why Choose HomeBuyers Life Insurance?
We specialise in insurance for a mortgage, offering expert advice and access to policies from trusted providers like Scottish Widows and Lloyds Banking Group. Our team of life insurance experts helps you find the right cover amount, policy term, and insurance type to match your budget and needs.
Our mission is simple: to help UK residents like you protect their homes and loved ones with the right life insurance policy.
Types of Life Insurance for Mortgage Protection
When choosing life insurance for a mortgage, there are different options depending on your mortgage agreement, mortgage term, and financial commitments:
1. Mortgage Life Insurance
Also known as decreasing term life insurance, this type of cover reduces over time in line with your mortgage repayments. It’s ideal for a repayment mortgage, ensuring your outstanding mortgage is cleared if you pass away.
- Designed to cover mortgage costs
- Affordable premiums
- Tailored to your mortgage term and cover amount
2. Level Term Life Insurance
With level term life insurance, the potential payout remains the same throughout the policy term. This type of cover is useful if you want to leave a fixed lump sum for your family.
- Fixed cash payout
- Suitable for interest-only mortgages
- Helps with other debts or savings goals
3. Joint Life Insurance
If you’re buying a house with a partner, joint life insurance could be the most cost-effective solution. It provides a single life insurance payout if one of you passes away, allowing the surviving partner to pay off the mortgage.
Critical Illness and Additional Cover Options
Life is unpredictable. That’s why we offer additional options like critical illness cover to enhance your financial cover. A serious diagnosis can affect your ability to work and pay the mortgage.
With a critical illness policy, you’ll receive a lump sum if diagnosed with a covered critical illness, giving you and your family much-needed financial support.
Other optional extras include:
- Buildings insurance for your property
- Landlord insurance if you’re renting out your house
- Accidental damage protection
How Much Cover Do You Need?
Wondering how much cover is right for you? It depends on the size of your mortgage, your financial commitments, and your family’s future needs. We help you calculate the right cover amount so you’re not under- or over-insured.
Key factors include:
- Total mortgage and debts
- Current money and savings
- Desired lump sum for your family
- Your health and lifestyle
Life Insurance Made Simple
At HomeBuyers Life Insurance, we believe insurance shouldn’t be complicated. Our process is straightforward:
- Tell us about your mortgage and personal circumstances
- Compare life insurance quotes instantly
- Get expert guidance and buy online or by phone
We’re not just about only insurance—we’re about providing a real financial safety net.
Start Protecting Your Home Today
Whether you need life insurance for a new mortgage or want to switch to a better life insurance policy, we’ve got you covered. Get a quote today and give your family the financial protection they deserve.
Need life insurance? Let us help you find the right insurance for your mortgage—quickly, easily, and with no pressure.
HomeBuyers Life Insurance – Helping UK families protect their homes, one policy at a time.