Mortgage Protection, keep the family home.
A Life Insurance or Life & Critical Illness policy designed around your mortgage. If the worst happens, the payout can clear the outstanding balance — so the people you love can stay in the home without the monthly repayments.
How it works
We set the cover amount and term to match your mortgage — level for interest-only, or decreasing to track a repayment mortgage.
Optionally add Critical Illness cover so the mortgage can be cleared on diagnosis of a listed serious illness, not just on death.
If you pass away (or are diagnosed, if CI is included) during the term, the lump sum can be used to pay off the mortgage.
Who it's for
- First-time buyers taking out a new mortgage
- Home movers and anyone remortgaging
- Couples with a joint mortgage
- Single applicants who want the debt cleared for their family
What's included
- Decreasing cover to match a repayment mortgage
- Level cover for interest-only or part-and-part mortgages
- Single or joint life options
- Optional Critical Illness add-on
- Terminal illness benefit with most insurers
- Help placing the policy in Trust
Cover that fits the mortgage you actually have.
Mortgage cover offered alongside a mortgage isn't always the best fit. A YPS advisor will look at your mortgage type, term and balance, compare UK insurers, and help you choose cover that works for you and your family.
- Cover matched to your mortgage type and term
- Options to protect against illness as well as death
- Advice on joint vs two single policies
- No fee for our advice — we're paid by the insurer
Common questions
Is mortgage protection compulsory?+
Most lenders don't make it compulsory, but it's strongly worth considering. Without cover, your family would need to keep up the repayments if you passed away or became seriously ill.
What's the difference between level and decreasing cover?+
Level cover pays the same amount throughout the term. Decreasing cover reduces over time, roughly in line with a repayment mortgage, which usually makes it cheaper.
Can I use an existing policy?+
Possibly. If you already have cover, our advisor can review it against your new mortgage to check whether it's still enough.
What if I remortgage or move home?+
Your existing cover stays in place. If your mortgage increases, we can help you top up your cover.
Request a Mortgage Protection quote
A YPS advisor will give you a call to match your cover to your mortgage and compare insurers for you.
