Peace of mind for your home and household
What is Mortgage Protection?
Mortgage protection is designed to help protect your home and your loved ones if the unexpected happens.
Depending on the type of cover chosen, it could help reduce or repay your mortgage if you die during the policy term. You may also be able to include critical illness cover, which could provide a lump sum if you are diagnosed with a serious illness covered by the policy.
The right cover will depend on your mortgage type, outstanding balance, remaining mortgage term, budget and personal circumstances.
Decreasing term assurance - DTA Life Cover
Decreasing Term Assurance, often called DTA life cover, is life insurance where the amount of cover reduces over time.
It is often used with a repayment mortgage, where the mortgage balance is expected to reduce during the term.
If you die during the policy term, the insurer may pay a lump sum after a valid claim, which could help reduce or repay the remaining mortgage.
DTA cover is usually lower cost than level term cover because the cover amount reduces over time.
Decreasing term cover with Critical Illness Cover
You may be able to add critical illness cover to a decreasing term policy. This means the insurer may pay a lump sum if you die or are diagnosed with a serious illness covered by the policy during the term.
Critical illness claims are only paid if the condition meets the insurer’s policy definition and severity requirements. The policy will usually end after a valid claim.
What can Mortgage Protection help with?
Mortgage protection can help provide financial support for your loved ones if you die or, where selected, are diagnosed with a covered critical illness during the policy term.
It may help with:
Reducing or repaying the mortgage
Protecting the family home
Reducing financial pressure on loved ones
Giving your family financial breathing space
Additional cover from other leading insurers is also available.
Looking for something else? We're here to help.
From family protection and mortgages to specialist commercial cover, we’ve got you sorted. Because we’re part of a wider group of financial and wealth management specialists, you get the best of both worlds: professional, big-picture expertise delivered with a friendly, personal touch.
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
The value of investments and any income from them can fall as well as rise and you may not get back the original amount invested.
HM Revenue and Customs practice and the law relating to taxation are complex and subject to individual circumstances and changes which cannot be foreseen.
Commercial Lending, some Bridging Finance, most Buy to Let mortgages and Estate Planning are not regulated by the Financial Conduct Authority.
Trusted by thousands of happy customers
We’re part of Openwork Ltd, one of the UK’s leading financial networks, to bring you expert advice you can trust. At BVS Protection, our qualified advisers don’t believe in 'one size fits all.' We’re constantly refining our standards to make sure the cover we recommend is perfectly suited to you and your family.
Want to speak with an adviser?
Good protection advice starts with a clear conversation. If you would like to explore your options, our advisers are here to listen, answer your questions and help you understand what may be suitable for your needs.
Your first conversation is informal and there is no obligation to proceed. You can contact us using the details below.
Contact us by phone
Call us on 020 7183 8343, Monday to Friday, 9am–5pm
Contact us by email
Email us at [email protected].
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Complete our online form and one of our team will get back to you.
We take your privacy seriously. By submitting your enquiry, you agree that BVS Protection and Openwork may use your details to respond to your enquiry and provide the services you have requested. If you choose not to proceed, we will keep your records only for as long as necessary, in line with our data retention policy. Please read our Privacy Policy for details on how your data is used, shared and protected.
BVS Protection is a trading name of BVS Mortgages & Financial Services Ltd which is an appointed representative of The Openwork Partnership, a trading style of Openwork Limited which is authorised and regulated by the Financial Conduct Authority.
Approved by The Openwork Partnership on XX/XX/XXX.
BVS Mortgages & Financial Services Ltd is registered in England. Registered Number: 10967395. Registered Address: Churchill House, 120 Bunns Lane, London, England, NW7 2AS.
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