Buying a home is one of the biggest purchases we will make in our lives. It is a requirement of your mortgage lender that you have a suitable buildings insurance policy in place before contracts are exchanged on your purchase. Even though this is compulsory for your mortgage lender, without these policies, it would be your responsibility to pay for any damage and repairs to the building, or even to rebuild the property should it become necessary.
As with all insurance policies, conditions and exclusions will apply.
In addition to this, you will most likely have your own possessions in the home that would need to be replaced, should they be lost, stolen or damaged in your property.
What would the cost be to rebuild your home in the event that it was burned down due to a fire? Additionally what would it cost to replace all of your contents in the property? Most of us would not have enough money to cover these losses ourselves, which highlights the importance of protecting your home and possessions.
It is equally important to have a reputable insurance company so that you can be sure they will pay out, should you need to make a claim.
Whether you are looking to protect your mortgage or leave something behind for your loved ones we can help to source the right policy to suit your needs. It is paramount that you consider how your family might cope financially if you were
There are many different types of life insurance such as decreasing term, level term, family income benefit and whole of life. We would highly recommend that you seek expert advice in this area and speak to one of our qualified advisors to ascertain what is best for you. There are many considerations to make such as writing the policy into trust for good inheritance tax planning and whether the policy should have reviewable or guaranteed premiums.
Consider the impact to you or your family should you pass away or lose your partner? Who would be left behind? How would they pay the mortgage without your income?
Critical illness cover is a type of protection to cover specific illnesses. Should the worst happen, it will provide a tax-free ‘lump sum’ on diagnosis of a specific medical condition. This can be used to help pay for your mortgage, the cost of living or even pay for alterations to your home such as wheelchair access should you need it.
Critical illness cover should be considered especially if you do not have adequate savings to tide you over in the event of becoming seriously ill. Insurers will generally cover between 37 and 166 specified illnesses and therefore choosing the right policy should be taken lightly.
Although some employers may provide sickness pay for various amounts of time, these do not last forever. So if you were unable to work for a prolonged period of time or even for the rest of your life, how would you be able to pay for your mortgage, food, council tax, electricity and gas?
If you looked at your bank statements, how soon after your salary has come in does your available balance reduce significantly, or even reach zero? So if that salary disappeared, how would you cope with all of your essential monthly expenditure?
Family Income Benefit, Whole of Life Cover and Accident, Sickness and Unemployment cover are among some of the other policies that can be arranged on your behalf.
No one set of circumstances are the same as another persons. Protection for a family will inevitably differ to that of someone living on their own with no dependents. Or maybe you have limited employer sick pay and want to make sure you have an income if you fall ill long term. Finding the right balance with protection is hard enough, and that’s without the headache of approaching insurers directly yourself.
Why not discuss all of the options and costs with one of our trained, qualified and experienced protection advisers who can guide you down the winding road of protection. With their help, you can find cover that is not only suitable and appropriate but affordable and reliable moving forward.
After a careful analysis of your current cover and your needs moving forward, our consultants will discuss all levels of cover with you to make sure you have a package tailored to suit your needs, circumstances and requirements.
What our clients say
I have had nothing but great service from Trinity Finance and my advisor Omer Werry. From reminding me when my current rates are due to run out, to giving me balanced, unbiased advise on my finance queries. I could not recommend enough and expect to be using them for some time to come. Easy to get in touch with and they really know their stuff!
We were given an excellent service from Trinity Finance, they were very thorough and played a huge part in securing our property purchase. would very much recommend
Very quick results and professional and honest approach. I would highly recommend Omer Werry. Thank you.
I honestly can't recommend Omer highly enough. From our first contact, I could tell he was highly qualified, knowledgeable and professional. Nothing I asked was too much trouble, information and calculations were clear to understand promptly provided.
Omer really understood how important the purchase of a house was to me and he went above and beyond to help me secure a deal. I would absolutely recommend Omer's service to anyone.
I fully trust his advice and his friendly but professional nature made what could have been a stressful time seem completely controlled.
I was very happy to meet Omer at Trinity Finance and his service is simply excellent and my need has been achieved ontime.
The product I got from Omer was not available for Me in the market and hence am very happy suggest Omer to anyone who is looking for either mortgage or financial services.
Louis helped talk through my options and gave me good advice how to proceed after considering my circumstances and priorities.
Omer has offered a professional yet friendly service to its customers with a fast and efficient process overall. I would therefore recommend using Trinity Finance to anyone through their mortgage process.
Alasdair from Trinity Finance was highly recommended to me by a work colleague when I needed to start looking into mortgage options.
From the first contact, Alasdair was really encouraging, knowledgeable and supportive, I knew I was going to be limited on options considering how much we wanted to borrow but Alasdair assured me that he'd do everything he could to get me the amount we needed.
We ended up with an amazing option and are very happy! I can't recommend Alasdair highly enough and have no idea how we'd have managed without his patience, support and advice! Thank you!