Having Children and Securing A Mortgage

Our latest clients were looking to find a let-to-buy mortgage so that they could then purchase a new property. They also wanted to look at renewing and altering their life policies that they had in place.

Our client had just had a child and his wife was looking at becoming a full-time stay-at-home mum. This meant that we looked into an income protection policy that would protect her husband’s income while she stopped working.

We then looked into their current £240,000 life policy cover to decrease this to cover their new property purchase and also add two critical illness policies to fit in with their budget.

We then focused on providing them with family income benefit so that if he were to die, the mortgage would be cleared through their life policy and she would be provided with £18,000 a year to help with support.

Resolve Financial Solutions explore all of your options with you in order to find the perfect solution to suit your needs. Get in touch today to discuss your requirements.

*Please note: Life policies typically have no cash in value at any time and cover will cease at the end of the term. If premiums stop, then cover will lapse. Payments will generally not be accepted for claims arising from excluded conditions. Definitions of illnesses vary from product provider and will be explained within the policy documentation.

Do not cancel any existing contracts until the new policies are in force.
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