Your Monthly Mortgage Update – March 2025
Dear Reader, I hope this blog finds you well. As part of my commitment to
Buildings and Contents Insurance Cover
Whilst life insurance protects you if the worst were to happen. Statistically speaking it is much more likely that a homeowner will suffer a critical or serious illness over the duration of their mortgage. With people generally living longer and surviving serious illnesses such as cancer, It is good practice to protect yourself, your home and your family against the threat of a critical illness.
Critical illness is paid out on diagnosis of several specified illnesses and typically covers the “big 4”, such as Cancer, Heart attacks, Multiple Sclerosis and Stroke as well as many others.
The way it works is you will receive a lump sum payment depending on the level of cover you choose. Typically, this will be in line with the mortgage amount and the funds are received tax free. A cash lump sum will give you reassurance that you will have the ability to pay off your mortgage or to support you and your loved ones in a time when you will need it most. With regular health checks we will also make sure that the cover is the most suitable. For instance, if you choose to increase your mortgage borrowing in the future using Stisi Group.
Whilst you may choose to pay off your mortgage, it may be the case that you would like to use the funds elsewhere, for instance, treatment abroad that helps you to skip the NHS queue or even home modifications to fit any change in circumstances.
There can be huge variations between the level of cover provided with different insurers. So we will help you choose the best level of cover that fits in with your own personal circumstances. Our Critical illness providers are 5 star “Defaqto” rated so they are recognised within the industry as being of the highest standard.
This can be important in terms of pay-out history and the number of critical illnesses that are covered. We regularly check to make sure that all our insurance partners maintain this rating so the cover you receive is amongst the best on the market.
Up to £25,000 of children’s critical illness cover automatically included in your monthly premium.
We’ll pay a lump sum if you are diagnosed with one of the defined critical illnesses covered.
You may be able to change your cover amount at certain life stages.
STISI GROUP
Stisi Group is a trading name of Clear Mortgage Solutions Limited which is an appointed representative of Mortgage Advice Bureau Limited and Mortgage Advice Bureau Limited (Derby) Limited who are authorised and regulated by the Financial Conduct Authority.
Clear Mortgage Solutions Limited. Registered Office: 114 Centrum House,
Dundas Street,Dunbar
, EH3 5DQ. Registered in Scotland Number: SC463175.
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LATEST NEWS
Dear Reader, I hope this blog finds you well. As part of my commitment to
We are thrilled to announce that our business has been named “Mortgage Advisers of
Tel: 0131 510 1240
Email: [email protected]
Address: 52 Wilson Place,
Dunbar,
Scotland,
EH42 1GG
