Income Protection pays out a regular tax-free income if you suffer from an illness or accidental injury and are unable to work, leading to a loss of earnings during the cover term.
Yes — It doesn’t matter whether or not you have children or other dependants – if illness would mean you couldn’t pay the bills, you should consider income protection insurance.
The cost of Income Protection depends on your age and your circumstances, it takes into account things like job, whether you smoke or have previously, percent of income you'd like to cover, the waiting period before the payouts start, the range of illnesses/injuries cover and your health history.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. MOST BUY-TO-LET AND COMMERCIAL MORTGAGES ARE NOT REGULATED BY THE FINANCIAL CONDUCT AUTHORITY. We will charge a fee of between 0% and 0.3% of the mortgage advance. A fee of 0.3% on a mortgage of £100,000 would mean a fee of £300. The minimum fee we will charge will be £0. The maximum fee will be £395. Tyneside Mortgage Advice Centre Limited is an Appointed Representative of PRIMIS Mortgage Network which is a trading name of Personal Touch Financial Services Limited. Personal Touch Financial Services Limited is authorised and regulated by the Financial Conduct Authority. Tyneside Mortgage Advice Centre Ltd acts as a credit broker not a lender. Company No. 4522811. Registered in England and Wales. You voluntarily choose to provide personal details to us via this website. Personal information will be treated as confidential by us and held in accordance with GDPR May 2018 requirements. You agree that such personal information may be used to provide you with details of services and products in writing, by email or by telephone. By submitting this information you have given your agreement to receive verbal contact from us to discuss your mortgage requirements.
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