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Why Choose Us

0 %
5-star reviews on Google
0
years we have been as independent mortgage and protection brokers
0 %
customer satisfaction for finding the best deals on the UK market
£ 0
total donated to various charities

Why Choose Ascot Mortgages

0 %
5-star reviews on Google
£ 0
total donated to various charities
0
years we have been as independent mortgage and protection brokers
0 %
customer satisfaction for finding the best deals on the UK market

What Our Clients Say About Us

5.0 Based on 122 reviews from review us onLucy B. ★★★★★ Having Phil as my mortgage advisor was great from the very start! He is down to earth and speaking to him was always a pleasure. The kindness, compassion and support I have been given all the way through what can be a stressful process was immeasurable. Phil and Jardelle worked as a solid team and was able to make me feel at ease all the way through buying my first home. The team were always available and the communication between everyone was always clear and I felt safe in the hands of the company as a whole. Thank you for helping me buy my first home!Flora R. ★★★★★ I worked with Richard (Protection Adviser) for a couple of days to sort out life and critical illness insurance. Absolutely brilliant, he found me and my husband the perfect policy. Very knowledgeable and easy to get on, he definetely makes things easy to understand. Thank you for the great service provided.Matthew R. ★★★★★ I've dealt with Phil at Ascot Mortgages for a while now and Phil always comes back back to me with the right plan.Keep the good work up!rafal W. ★★★★★ I would thoroughly recommend Phil Greenwood at Ascot Mortgages ltd to anyone looking to seek advice on purchasing a home.Phil was absolutely fantastic. He made the process very smooth and easy and was always there to answer any questions I had.Shahid L. ★★★★★ This company has been truly amazing in constantly giving me the support and help i need for my mortgage and for their continuous work ethic guiding customers like myself and educating them into making the best possible decisions. My special mention goes to Phil Greenwood who deserves every single credit for his brilliant work and communication skills. The more I got to work with Phil, the more he gained my respect as he is a hugely likeable man and possibly the best mortgage advisor yet. Even after I finished my time with Ascot Mortgages, I will never lose my trust in the company and I hope they exceed their business and gain even more success and popularity.Best wishes,Shahid Latif and familyPretty L. ★★★★★ Phil helped me renew my mortgage. He was great at keeping me updated with any rate changes and secured a lower rate than at the time my mortgage went through. Thank you Ascot for your supportNikki E. ★★★★★ Huge thanks to Richard Johnson for sorting out all of my insurance policies! I had accumulated a variety of life cover and various other policies over the years that all needed a good review and refresh. Richard was extremely patient and helped me to remove the duplication and choose the best cover to suit our current needs. I have used Ascot Mortgages for over 12 years and have met several members of the team, always finding the right help and support to work through what can be a complicated and stressful time. Thanks again, Richard!Aamir R. ★★★★★ As first time buyers we had very little understanding of how to go about applying for a mortgage. Phil was so helpful in cutting through all of the formalities and helping us to decide which mortgage would be best for us also ensured we collated all the details needed and kept us up to date on progress. The process of finding the right house was very stressful but the process of choosing and applying for the mortgage and life cover has been so straight forward that, at times, we were worried it was all a bit too smooth! Thank you for guiding us through this so professionally and with real understanding and personality.Andrew T. ★★★★★ Working with Richard at Ascot has been a great experience. He listened to us and was very professional throughout. This was our first experience with Richard but we've been using Ascot now for 6-7 years. Thank you all at AscotAngie B. ★★★★★ Always give a great service and find you a mortgage in a timely fashion.Alison is awesomeAndrew M. ★★★★★ We have used Ascot Mortgages for over 5 years now and have had excellent service throughout, primarily with Alison and Kevin. Our latest dealings have been with Richard Johnson who although new to us (and to Ascot I believe) has once again provided the 5 star level of service we have come to expect. His product knowledge is excellent offering a range of options supported with consistent communication and updates, always available on the phone or on email every step of the way.Ali H ★★★★★ Excellent service, a big thanks to Natalia Barry for her excellent support with my buy to let mortgage application, Natalia was professional, transparent, and kept me informed during all the process, and thanks to Jason jones for his assistance and support.david R. ★★★★★ I have dealt with Ascot for many years now and will always go back, recently had all my insurances re done by Richard Johnston at the firm, excellent service, communication and swift actions by Richard. Great deals on all three insurances and would recommend anybody to go to Richard for help. Thanks Richard 👍Eve Alexandra C. ★★★★★ We used Ascot Mortgages to purchase a home as first time buyers, Ellie assisted us with this and went above and beyond to ensure everything went smoothly, all questions were answered, and any queries were solved.As first time buyers, myself and my partner were quite nervous and clueless as to what to expect when getting a mortgage and what not, and Ellie made this so simple and explained everything in a way that we thoroughly understood what was happening with our house buying journey, without it being pure jargon.I can't thank Ellie enough, she truly has been a star during the whole experience and is an asset to Ascot Mortgages.She is someone who I would definitely recommend to friends and family if the opportunity arises, and has made this whole experience a very stress free and exciting one!Thank you for everything Ellie!Emma W. ★★★★★ Alison helped me to get the right mortgage for my current situation and was very supportivehelen L. ★★★★★ Phil Greenwood dealt with my recent remortgage, he made sure I had the best product to fit our HMO criteria. Then chased solicitors for me and made sure I completed around the date I wanted to avoid my ridiculous rate I was about to be switched to. Thanks Phil, great job! Ready for my next mortgage now so I will be coming back 🙂Mark C ★★★★★ Excellent service from an excellent representative. Very professional and helpful company. Thank you for all your helpDamian L. ★★★★★ I recently purchased a buy-to-let from Auction and Ascot Mortgages, in tandem with Ascot Bridging Finance, supported me through the whole process. Once the property purchase via a bridging loan was complete, Ascot Mortgages worked out the best options for me, despite the Banks rising interest rates and spiralling UK inflation and managed to secure me a competitive mortgage rate for that property. I wouldn't hesitate in going back to Ascot Mortgages in the future and look forward to working with them again in the near future. Thank you for everything you've doneJuliet B. ★★★★★ Thank you to Alison for helping us and sorting out our mortgage. Swift, reliable and very helpful. Very much appreciated. God bless you abundantly 👍👌🤝gareth P. ★★★★★ Been with Alison and team for more than 25 years. Needless to say, very happy...Jo T. ★★★★★ We have been using Ascot Mortgages for the last few years and they have done 11 buy to let products for us.We have found Alison, Phil, Jason, Jardelle and the team to be excellent at finding the best product for us and to work at pace when we are buying from auction and have a deadline to meet.Communication is very good and nothing is too much troubleBen H. ★★★★★ I can't recommend Ascot Mortgages highly enough.We have used them for all of our Mortgages . They are professional and friendly and have walked us through all our options, they always have the time to talk to you and go the extra mile to get you the best deal. It wont be long till I'm calling on their services again, I wouldn't go anywhere else.If you want a mortgage, there's only one place to go!Dog J. ★★★★★ Ascot went the extra mile to help me acquire a mortgage. With the help of Jason and Ellie I was able to get a competitive rate after 3 other firms had told me they couldn't help me. Great levels of communication throughout, I would highly recommend!Ursula B. ★★★★★ Alison was very friendly and professional in securing the right bridging for us and at a very competative price. This ensured that we were able to place an immediate offer and not miss out on our forever home. Later her help and support in finally getting our completion over the line was nothing short of a miracle. I would strongly recommend both Alison and the team at Ascot Mortgages.primrose C. ★★★★★ ALISON IS BY FAR THE BEST IN THE GAME. ALL WE CAN SAY IS THANK YOU SO MUCH. They are passionate on customer service, even in my frustrated time Alison, Jadelle, Ellie I could name them all. May the good LORD BLESS YOU.js_loader

Written by:

Richard Johnson

Ascot Protection Expert

Last Updated:

05.10.2023

Written by:

Richard Johnson

Ascot Protection Expert

Last Updated:

05.10.2023

Mortgage Protection Insurance

When you take out a mortgage, you perhaps imagine that you will always be in a position to meet the repayments that you agree to at the time of purchasing your property. Mortgages are a big investment and one that, if done correctly, will provide you with the security of your own home. Nobody likes to plan for what might happen should the situation change, and perhaps you may avoid taking out mortgage protection in the belief that it is saving you money. However, failure to insure yourself for unexpected events could have a great impact on your family’s home and security.

At Ascot Mortgages, we understand the importance of protecting your investment to ensure the security of your home. We are experienced mortgage and protection advisors in the UK, dedicated to helping our clients find the right mortgage protection insurance to suit their needs. With our expertise, we can guide you through the options available and help you make an informed decision.

What is mortgage protection insurance?

Protection policies pay off your mortgage if you get terminally ill or die. There are different levels of coverage available with mortgage protection insurance. 

Life insurance

Life cover provides financial protection for your family in case you pass away. 

Many people get enough life cover to pay off their mortgage if they die. However, this may not be sufficient because we often have other financial responsibilities like credit card bills, loans, council tax, childcare costs, and utility bills, which wouldn’t disappear if one of the main earners dies. Protection insurance can be helpful in such situations. You can buy a life cover that pays a lump sum or a monthly income to cover your bills if you need to make a claim during the term of your plan. You can even combine both payment types to give your family comprehensive protection, covering the mortgage and providing the income they need to sustain their lives in the family home without you.

Income Protection

Income Protection can give you a monthly income if you get ill with a severe condition that prevents you from working for an extended period. The world of work has changed a lot lately, but one thing remains constant – most of us need to work to pay our bills and enjoy life’s pleasures like vacations, cars, and dining out.

However, even if we’re seriously sick, the bills won’t stop coming in. If you happen to fall ill or have an accident that keeps you from working, the sudden loss of income can be really tough to handle.

That’s where income protection comes to the rescue. It provides you with a regular income if you can’t work due to illness or injury.

Critical Illness Cover

Critical illness cover offers financial protection for you and your family if you get seriously ill with specific critical illnesses. Imagine if you were to become seriously ill tomorrow – it would undoubtedly impact you and your family. Most of us would be most concerned about surviving the illness and recovering.

However, being able to fully focus on getting better becomes challenging when you’re constantly worried about the huge bills that keep coming in. Sadly, this is a reality for many families whose lives are turned upside down by illness.

But here’s the good news: more and more people are surviving critical illnesses nowadays. For example – according to Cancer Research UK, cancer survival rates have doubled over the last 40 years.

Richard Johnson

Ascot Mortgage Expert

Insights on Mortgage Protection

What Our Expert Says...

Mortgage protection is more than just an insurance policy. It’s about safeguarding your most treasured asset and ensuring peace of mind. A robust mortgage protection plan stands as a crucial buffer against unforeseen circumstances. As your home is likely to be one of the most significant investments you’ll ever make. Protecting it should be paramount. My advice? Always weigh your options carefully and choose a policy that aligns with your individual needs and long-term financial goals. If you’re uncertain about which direction to take, I can help you to make an informed decision.

Why do I need mortgage protection?

We never know what’s just around the corner. It could be something great – a new job, a baby, or even a big win. But sometimes, life throws hard things at us. Many of us know someone who died too young or struggled with a bad illness. Anyone who’s seen a family deal with this knows how hard it can be, both in feelings and money. We don’t like to think it’ll happen to us, but sometimes it does. Between June and August 2022, around 2.5 million people of working age were unable to work due to long-term sickness. Protection insurance can’t stop bad things from happening, but it can make handling the fallout a bit easier. 

How much will my policy pay out?

The payout amount from mortgage protection policy varies depending on the terms and conditions of the specific policy you choose. Typically, the policy will cover your mortgage on a decreasing basis over the term of your mortgage. It’s important to review the policy details carefully and consider your individual circumstances to ensure the coverage aligns with your needs.

How much does mortgage protection insurance cost?

Just £10 a month, £20 a month, £50 a month, or even more – the peace of mind it brings might be priceless. Don’t you want to ensure your family’s financial security if given the chance?

The cost might be lower than you expect, and the value could be beyond imagination. We’re all different, with varying needs and budgets, but there’s a protection plan that fits your life. Even starting with a little protection is better than nothing.

Protecting your family isn’t just about money; it’s also about having someone to talk to during challenging times. That’s why all our protection plans come with “Helping Hand,” a support service for life’s ups and downs, available at no extra cost to you.

So, when you consider affordability, ask yourself, can you afford not to buy protection?

What is the value of advice?

Our protection adviser can ensure you get the perfect plan for your needs now and in the future. Finding the right protection can be a bit tricky, as not all plans are the same, and some provide more options than others. We offer a FREE non-obligation protection review.

 

At Ascot Mortgages, we understand the importance of finding affordable protection insurance that suits your budget and needs. We can provide you with a personalized quote based on your specific circumstances, ensuring you receive the best coverage at a competitive price. Contact us now to get started.

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FAQ

Yes, you can claim if you are diagnosed terminally ill or on death.

No, but it can provide peace of mind by covering your mortgage payments in case of unexpected circumstances.

Life insurance pays out a level lump sum upon death, while mortgage protection decreases with your mortgage payments, so will payout whatever is left on your mortgage.

No, mortgage protection covers your mortgage in the event of death, PPI covers various types of debt.

Yes, as smokers are generally considered higher risk, they will face higher premiums for mortgage protection insurance. Reach out when you’re ready, and we can help you understand your options.

Yes, self-employed individuals can get income protection, providing a regular income if you can’t work due to illness or injury.

Typically, income protection policies cover 50-70% of your pre-tax income. This can vary based on the insurer. We’re here to help you understand your coverage when you’re ready.

Yes, if your policy includes mental health coverage, you can claim for time off work for mental health reasons.

Yes, self-employed individuals can get mortgage payment protection insurance, which covers your mortgage payments if you can’t work due to illness, injury, or redundancy. We’re ready to help you explore your options when you’re ready.

Yes, certain high-risk jobs may affect the cost of your premiums or the policy’s terms and conditions.

If you have a policy that includes redundancy cover, it can help cover your mortgage payments during this time. We’re here to assist you with understanding your policy’s details when you’re ready.

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