Protection Mortgage Brokers | Safeguarding Your Home and Future. A protection mortgage broker specialises in helping you secure financial safety nets alongside your mortgage. Rather than focusing solely on your loan, they ensure that you, your family, and your property are protected in the event of the unexpected.
Protection advice covers essential policies such as life insurance, critical illness cover, income protection, and mortgage payment protection. The goal is simple: to give you peace of mind that your home and finances are safe, whatever life brings.
A protection mortgage broker collaborates with trusted insurers and lenders to create a customised plan that aligns with your mortgage, lifestyle, and long-term financial security objectives.
Protection products are suitable for homeowners, landlords, self-employed professionals, and anyone who wants to protect their income or loved ones from financial risk.
Understanding Protection Mortgages
When you take out a mortgage, it is important to consider what would happen if illness, injury, or loss of income stopped you from making repayments. Protection insurance ensures your mortgage and household expenses can still be covered, even if your circumstances change.
For example, life insurance can repay your mortgage balance if you pass away. Critical illness cover provides a lump sum if you are diagnosed with a serious medical condition, and income protection replaces a portion of your earnings if you are unable to work.
Protection brokers assess your mortgage commitments, dependents, and budget to find the right combination of cover. They compare multiple providers and explain the benefits of each policy clearly, so you can make an informed choice.
Why Consider Protection with Your Mortgage
| Benefit | Description |
|---|---|
| Financial Security | Your mortgage payments and household costs remain manageable during illness, redundancy, or death. |
| Family Peace of Mind | Ensures loved ones can remain in the home if something unexpected happens. |
| Tailored Cover | Policies can be customised based on your age, income, and type of mortgage. |
| Tax-Efficient Planning | Some protection products can be structured for tax efficiency, especially for business owners. |
| Lender Confidence | Demonstrates responsible borrowing and can sometimes speed up mortgage approval. |
Role of a Protection Mortgage Broker
A protection mortgage broker’s role is to analyse your risks, assess affordability, and recommend the most suitable protection products. They compare insurers’ terms, exclusions, and premiums to ensure you receive both value and peace of mind.
Their expertise ensures:
The right mix of life, income, and critical illness cover
Accurate policy levels to match your mortgage amount and term
Clear understanding of exclusions and benefit periods
Regular policy reviews as your circumstances change
Working with a specialist broker gives you access to whole-of-market insurers, not just those linked to one lender. They also ensure your cover aligns with FCA standards and your long-term financial strategy.
Who Benefits from Protection Advice
Homeowners who want to secure their mortgage against income loss
Families who rely on one main earner
Self-employed or contract workers without employer sick pay
Landlords with multiple properties
First-time buyers seeking long-term financial security
Alternatives and Complementary Options
| Option | When It’s Suitable |
|---|---|
| Life Insurance | When you want your mortgage fully repaid if you pass away. |
| Critical Illness Cover | When you want a lump sum if you are diagnosed with a serious condition. |
| Income Protection | When you want monthly income if you are unable to work due to illness or injury. |
| Family Income Benefit | When you prefer regular payments for your family instead of a single payout. |
| Mortgage Payment Protection | When you want short-term help covering mortgage repayments after redundancy or illness. |
Browse Our Let-to-Buy Mortgage Brokers
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FAQ: Let-to-Buy Mortgage Brokers
| Question | Answer |
|---|---|
| What is a let-to-buy mortgage? | A let-to-buy mortgage allows you to rent out your current home and use the equity released to buy a new property. It is ideal for homeowners who want to move without selling their existing property. |
| How does a let-to-buy mortgage work? | You convert your existing residential mortgage into a buy-to-let loan while applying for a new residential mortgage on your next property. The rental income from your old home is considered when lenders assess affordability. |
| Who can apply for a let-to-buy mortgage? | Let-to-buy mortgages are available to homeowners who have sufficient equity in their current property, a good credit history, and meet affordability checks for both the rental and new residential mortgage. |
| Do I need a larger deposit for let-to-buy? | Yes, lenders usually require a minimum of 25% equity in your current home for the buy-to-let portion. For your new property, you may need at least 10% deposit depending on your credit profile and lender criteria. |
| Can first-time buyers get a let-to-buy mortgage? | No. Let-to-buy is specifically for existing homeowners. First-time buyers typically need a standard residential mortgage as they do not own a property to let. |
| What are the benefits of let-to-buy mortgages? | You can move quickly without waiting to sell, keep your current home as an investment, and potentially earn rental income while purchasing a new property. It also helps if the market conditions are not ideal for selling. |
| Are there risks with let-to-buy mortgages? | Yes. You will be responsible for two mortgages, and if your rental property remains empty or rental income drops, you must still meet both payments. Changes in interest rates can also affect affordability. |
| Do I pay higher interest rates for let-to-buy? | Typically, yes. The buy-to-let element of a let-to-buy mortgage often has slightly higher rates than standard residential loans due to perceived lending risk. However, rates are competitive and vary by lender. |
| Can I remortgage my property for a let-to-buy? | Yes. You can remortgage your current home onto a buy-to-let product while applying for a new residential mortgage. This process is common when moving home and retaining your property as an investment. |
| Do I need a mortgage broker for let-to-buy? | It is strongly recommended. A qualified let-to-buy mortgage broker can compare both the residential and buy-to-let aspects, coordinate timing between lenders, and ensure you meet regulatory requirements. |
| Can I let my property before I complete my new purchase? | It depends on your lender’s policy. Most lenders require the buy-to-let mortgage to be in place before you let the property. A broker can help plan this sequence correctly. |
| Where can I find a let-to-buy mortgage broker near me? | You can use Connect Experts’ UK-wide broker finder to locate an FCA-authorised mortgage broker experienced in let-to-buy. Filter by location, language, and expertise to find the right adviser for your situation. |