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Why Choose Ascot Mortgages

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5-star reviews on Google
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years we have been as independent mortgage and protection brokers
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customer satisfaction for finding the best deals on the UK market
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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 143 reviews from review us onFlora 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.Debbie P. ★★★★★ Cannot speak highly enough of Ascot Mortgages who have helped me on my journey over the last seven years. They have made the dream property possible twice. Thank you to Alison, Jardelle and all the team. I am very grateful.Areti D. ★★★★★ Absolutely thrilled with the exceptional service provided by Ascot Mortgages Ltd and especially by Natalia Barry! Even though our home purchase hasn't been completed yet, we couldn't wait to share our positive experience. From the moment we reached out, their professionalism and expertise shone through, making the daunting process of securing a mortgage a breeze.Not only did Natalia navigate the intricacies of the mortgage market with finesse, but they went above and beyond by suggesting other high-quality services, including solicitors and insurance providers. This comprehensive approach is making the entire home-buying journey seamless and stress-free.Natalia took the time to understand our unique needs and financial situation, ensuring that the options presented were tailored perfectly.Communication is prompt and clear throughout, leaving us feeling informed and confident at every stage. Natalia had our best interests at heart, going the extra mile to secure a fantastic mortgage deal.We cannot recommend Ascot Mortgages and Natalia highly enough. If you're in need of mortgage assistance, look no further. With their expertise and dedication to client satisfaction, you're in the best hands possible. A huge thank you to Natalia for making our home-buying experience a dream come true!Ashley Cox 1. ★★★★★ Would 100% recommend. Myself and my partner are currently going through the mortgage process as first time buyers. Natalia Barry has dealt with our application from day one. She has always been on hand to help, informative throughout and reliable when we have had questions. She has given us several options and broken them down into simple terms to help us. Natalia has truly been exceptional who deserves every bit of credit. We certainly got lucky having her as our first mortgage consultant.Dominik S. ★★★★★ Alison and the Ascot Team are excellent. I have used them for 5 years now and they deliver the most competitive mortgage deals fast. Just what I need. Thank you!Eric T. ★★★★★ We have dealt with Ascot Mortgages twice. Once for a mortgage about eleven years ago and recently for life insurance.In both cases we were treated with the utmost respect and professionalism.In the case of the life insurance application, we considered ourselves to be problem customers because of our age and numerous health issues.Richard Johnson, who managed this application couldn't have been more helpful.He worked in our best interest and was dedicated to providing an excellent service.We were kept up to date through all of the stages of the application and when our doctors were very slow in producing medical reports for the insurance company he persisted where others might have given up.The service we had from Richard was pleasant and professional throughout some difficult stages.My wife and I have no hesitation in recommending Ascot Mortgages.Zack R. ★★★★★ Having dealt with Ascot Mortgages and Alison for many years now I can say that you wont find a more professional, knowledgeable and efficient company to help with your mortgage. Alison is patient and makes the whole process seem easy. She has the answer to any question you have and seems to genuinely care. I can not recommend enough. I am sure I will be using Ascot Mortgages for years to come.Umair Z. ★★★★★ It has been a fantastic experience to work with both Phil and Jardelle at Ascot Mortgages to secure a mortgage product for my first home. Phil made the mortgage process smooth and easy. They are professionals and know what they are doing. Very pleased with the service and communication. would highly recommend them.Hello at NLP West M. ★★★★★ I needed a buy to let re-mortgage. Ascot were efficient from start to finish. I can recommend them completely especially because they can search the whole spectrum of mortgage lenders and meet the clients needs. never waiting for staff to get back and always kept me in the loop.Onohomen O. ★★★★★ ZHOU J. ★★★★★ It has been a brilliant experience to work with both Phil and Jardelle at Ascot Mortgages to secure a great mortgage product for our next home. Given how challenging the current market is, they have done a fantastic job to meet our needs with their expertise, professionalism and effectiveness. We would highly recommend their services to whom seeks help with their property purchase.Nicholas S. ★★★★★ Fantastic service. Ellie and Jardelle were always quick to reply to any queries and very helpful throughout the process. Highly recommend!Stacey S. ★★★★★ Jason was brilliant to work with! Always on top of the transaction! Would highly recommend 👍Scott ★★★★★ Although I've not bought anything yet, they (Jason in particular) have been super helpful in my search for the right mortgage deal, whilst also giving an honest opinion during these difficult times. Would highly recommend.Sandra I. ★★★★★ Fantastic from start to finish! Natalia and Jason found me the best rate for my remortgage and they were extremely efficient! Best service I’ve ever received from a brokerage company. Thanks so much.Virmantas N. ★★★★★ Amazing service and great communication. Ellie Morgan had quickly completed all requests and over delivered all expectations.Highly recommended for those who want to get the stuff done without any delays!David W. ★★★★★ I have used ascot for 3 renewals since they done helped me with my purchase which was complicated and will continue to use them going forward. Very fair prices and very helpful and knowledgeable even with just general information.Adam B. ★★★★★ Natalia made life very easy for us when remortgaging. Third time using ascot always a breezeTaff G. ★★★★★ Ascot Mortgages have been brilliant. Easy to work with and incredibly helpful. I am always happy to recommend them. Natalia and Jason have made the whole process much easier than I was expecting. Excellent service.Daryl L. ★★★★★ We've had a fantastic experience with Natalia Barry and Jason Jones at Ascot Mortgages for our property purchases and refinancing. Their expertise, coupled with genuine care and understanding of our needs, made the process smooth and stress-free.They were consistently communicative, keeping us informed at every step. Their assistance in consolidating our protection cover was invaluable, simplifying what could have been a complex process.What set them apart was their personal touch – always polite and ready to pick up the phone for a chat. This level of personal engagement is rare and much appreciated.In short, Natalia and Jason are not just skilled professionals but also truly dedicated to their clients. We highly recommend their services to anyone in need of mortgage advice.Sarah A. ★★★★★ I have used this firm for several years and they have always been super helpful and supportive, attentive and resolved issues in really useful ways. Shout out to Alison, Ellie and Jardelle (and the team!)Georgia W. ★★★★★ We worked with Ellie to secure our mortgage and protection, and she was a dream! Being a first time buyer, I was quite clueless about the process, and in a time where mortgage rates have been quite high, she worked right til the end to make sure we were getting our mortgage at the best possible rate and was always available to answer all questions I had. Can't recommend enough 🙂Richard D. ★★★★★ Laura S. ★★★★★ As a first time buyer, trying to navigate through potential mortgages was a very daunting thought. Ascot Mortgages were recommended to me and I've been extremely happy with the service provided. They have guided me through every step and I finally have a mortgage. Very pleased and would recommend.Lucy 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!js_loader

Written by:

Richard Johnson

Ascot Protection Expert

Last Updated:

18.04.2024

Written by:

Richard Johnson

Ascot Protection Expert

Last Updated:

18.04.2024

Life Cover

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.

Mortgage life insurance – also known as “mortgage life assurance”

Mortgage Life Insurance, sometimes tellingly named ‘Mortgage Life Assurance,’ is essentially a form of life insurance designed to protect your mortgage and property. Simply it means that, in the event of the mortgage-holder passing away, the insurance policy would pay out enough capital to cover the remainder of the mortgage outstanding and, dependent on the policy, also some extra money to help with other expenses. This piece of mind can be tailored to your circumstances around three main forms: ‘Decreasing Term;’ ‘Level Term;’ and ‘Whole of Life Cover’.

The types of mortgage life cover

‘Decreasing Term’ means that because your mortgage decreases as you make your monthly repayments so too does the amount that would be paid out in the result of a claim. It links the amount that your mortgage is insured for with how much is actually left to repay meaning that your monthly payment stays the same. This enables you to budget effectively for your insurance payments; it is only suitable for those who are paying both the capital and interest off the mortgage because it is relative to the actual capital outstanding.

‘Level Term’ also provides you with a fixed monthly repayment that enables you to manage your finances easily. Although generally more expensive because the sum that is insured remains the same regardless of how much of the mortgage you repay, this type of ‘Mortgage Life Insurance’ has the benefit of often building up a surplus of capital. This provides extra cash, not tied into mortgage repayments, should a claim be made on the policy.

‘Whole of Life Cover’ can be linked to other investments, such as pensions, and means that the policy could be taken out as a lump sum if you pass away.

In addition to the flexibility of the three forms of Mortgage Life Insurance there are other elements that can be added which makes it the perfect form of insurance for homeowners who want protection tailored to their individual needs. Premiums are calculated on an individual basis meaning that you can be assured that you are paying a fair price for your piece of mind. Optional extras also include the possibility of putting a ‘waiver’ onto your premium meaning that if you were unable to work, for instance because of sickness, accident or unemployment, you could suspend your monthly Mortgage Life Insurance. The flexibility, benefits and ease of Mortgage Life Insurance means that they are a safe means of securing your home.

If you would like free initial advice about the different mortgage protection and / or life insurance options available please contact Ascot Mortgages – we are will be happy to explain things in a clear, unbiased and helpful way.

There are other providers of Payment Protection Insurance [Short-Term Income Protection] and other products designed to protect you against loss of income. This will typically cost £3 per month for every £100 of benefit. For impartial information about insurance, please visit the website at www.moneymadeclear.org.uk

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FAQ

Life insurance provides a lump sum payment to your chosen beneficiaries upon your death, helping them manage financial responsibilities. Mortgage life insurance, on the other hand, specifically covers the outstanding balance of your mortgage, ensuring your loved ones can remain in the home without the financial burden of mortgage payments.

Mortgage Life Insurance is a type of policy designed to pay off your mortgage in the event of your death. It ensures that your family won’t have the added stress of meeting mortgage payments during a challenging time.

Lifetime mortgages, a type of equity release, allow homeowners to unlock the equity in their homes without selling. They can be a good idea for those looking to supplement their retirement income or finance significant expenses. However, they can affect your estate’s value and might have tax implications, so it’s crucial to seek advice before proceeding.

The “best” life insurance depends on individual needs. Term life insurance offers coverage for a fixed period, while whole life insurance provides lifetime coverage and may accumulate cash value. It’s essential to assess your financial goals, responsibilities, and budget before deciding.

The younger and healthier you are when taking out life insurance, the more likely you are to secure lower premiums. However, the ideal age often coincides with life events like buying a home, getting married, or starting a family, when financial responsibilities increase.

Those with significant outstanding mortgage balances, especially if their families would struggle to maintain mortgage payments in their absence, benefit most from Mortgage Life Insurance.

Mortgage Life Insurance specifically covers the outstanding balance of your mortgage. If the policyholder dies, the insurance will pay out an amount that matches or contributes to the remaining mortgage, ensuring the mortgage is either cleared or significantly reduced.

No, Mortgage Life Insurance is not mandatory. However, some mortgage lenders might require some form of life insurance to ensure the loan’s security, especially if the primary earner’s loss would jeopardise the family’s ability to keep up with payments.

With Mortgage Life Insurance, if the policyholder dies, the insurer pays out a lump sum directly to the mortgage lender to clear or reduce the outstanding mortgage balance.

Yes, exclusions can vary by policy. Common exclusions might include death due to pre-existing medical conditions, if not declared, or certain high-risk activities. Always read the policy documentation and speak with your insurance provider to understand any limitations or exclusions.

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