INSURANCE GUIDES
Insurance & Protection - GoMortgage®
Protecting what matters whilst you secure the mortgage.
Getting a mortgage is a big step. But once the deal is done, you’ll want to make sure you’re protected — for your home, your income and your loved ones. At GoMortgage, we believe insurance isn’t just an add-on — it’s part of the plan.
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Insurance Guides - Insurance & Protection
Why Insurance Matters In a Mortgage Journey
- A mortgage ties you to a long-term financial Unexpected events – illness, job loss, serious injury, or structural issues with your property – can all threaten your ability to keep up payments or stay in your home.
- Your lender will normally insist on certain cover (for example buildings insurance) to protect their interest in the property.
- Having the right protection gives you peace of It’s not just about compliance — it’s about safeguarding your future.
What types of insurance should you consider?
1. Buildings Insurance
Typically required by your lender before you complete the purchase. It covers structural damage to your home – walls, roof, floors, permanent fixtures. You don’t have to buy it from your lender, but the policy must meet their minimum criteria.
2. Contents Insurance
Less commonly a lender requirement, but highly advisable. It protects your belongings – furniture, electronics, personal possessions. Without it, you absorb the loss.
3. Life Insurance / Mortgage Protection Life Cover
You’re not legally required to have life insurance to get a mortgage. But if others rely on your income, a life policy can safeguard their ability to keep the home if you die prematurely.
4. Critical Illness Cover
If you’re diagnosed with a serious condition (cancer, major heart attack, stroke) you may be unable to work or face large costs. This cover can pay a lump sum to help clear or reduce your mortgage burden.
5. Income Protection / Payment Protection
If you can’t work due to illness, injury or redundancy, this type of cover pays an income (or mortgage repayments) so you don’t fall behind and risk your home.
6. Other Specialist Covers
Depending on your situation you might want:
- Mortgage Payment Protection Insurance (MPPI) or similar products covering monthly repayments.
- Combined covers if you’re self-employed, have multiple properties, or unusual income patterns.
- Add-ons or optional extras (e.g., for buy-to-let, holiday lets, new builds) — we’ll advise based on your case.
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How we help you with insurance at GoMortgage
- We’ll review your full situation: not just the mortgage product, but your household, income, dependants, risk appetite.
- We’ll explain clearly what you are required to have, and what you should consider having – separating the must-haves from the nice-to-haves.
- We act as your broker: comparing policies from multiple insurers, pointing out exclusions, premiums, waiting times, and suitability.
- We build protection into your long-term plan – not a quick add-on on completion
- We keep it real: if you’re on a tight budget, we’ll look at what makes most difference first (e.g., buildings cover + basic life cover) and then work up from
Common questions answered
Do I have to get life insurance to get a mortgage?
No – life insurance is not always mandatory for a mortgage. But it is highly recommended if your family relies on your income.
When do I need buildings insurance by?
Typically from the date you exchange contracts – yes, even before you move in, your lender expects the property to be insured.
What if I’m self-employed or have complex income?
We’ll tailor insurance advice to match your income model, business risks and household commitments. You may need extra flexibility or specialist insurer access – we handle that.
How can I save money on insurance?
- Combine buildings + contents with one
- Increase your excess (if you’re comfortable with some risk)
- Ensure you update your insurer if your situation changes (e.g., building work, business change) – incorrect declarations may invalidate cover.
- Review at Even good policies can become expensive if you stay put without checking.
Ready To Take The Next Step?
- Let’s audit your current cover (if any) or estimate what you’ll need at
- We’ll structure your protection plan alongside your mortgage so nothing is an
- We’ll present you with options, talk through costs, cover limits, exclusions – you decide what level of risk is acceptable.
- We’ll lock in your cover in time for completion – avoiding last-minute
- We’ll diarise for review (often annually) to ensure your cover still matches your life stage and mortgage obligations.
📞 Call us today on 01253 935050 for a free protection review.
Let GoMortgage help you protect what you have — because getting the mortgage is one part; protecting it is the next.
Speak With A Mortgage Advisor today
Contact our friendly mortgage advice team today. Sound mortgage advice from the experts at GoMortgage.
