Capital Fortune is a national and
award winning mortgage, buy-to-let
and insurance broker.

Call today to speak to an expert

020 77 100 400

REQUEST A CALLBACK
Image
As Featured
Awards from
Our customers have rated our service
Feefo logoIndependant User Feedback98%
Muhammad Akhtar - Purchase
Excellent professional advice provided very promptly ...Read More

Critical Illness Insurance

Life insurance is the most critical form of cover to get in place when you take out a mortgage, but of course it only pays out in the event that you die.

While it’s not much fun thinking about it, the reality is that most of us will get ill before we die – and often that means we won’t be able to work. This is a scary prospect if you still have a lot of your mortgage to repay if, for any reason, you become severely ill and can’t earn an income to keep up with your repayments.

Image

What Our Customers Say

Customer - Buy to Let Remortgage
Super efficient and transparent service. From the first email to the issuance of the mortgage offer, Peter Bartlett was available to provide sound guidance and address every query I had. Although my situation is complex, being an expat, non-UK national, ...Read More
15 days ago

Customer - Purchase
James was excellent in the initial stages; he was knowledgeable, engaged, and proactive. I would give James 5 stars if he had been the only person I dealt with. However, once I was passed over to another member of the team ...Read More
16 days ago

Mark Guy - Purchase
Fast and efficient with no hassle and great deals ...Read More
19 days ago

Customer - Purchase
Fast and efficient service helping us arrange our mortgage. Thank you so much Peter & Anna. ...Read More
20 days ago

Find out more

Many people take out critical illness cover to help them get through just this sort of scenario.

There are lots of different policies available and all of them cover slightly different variations of illnesses and stages. For example, the cheaper policies might seem great value but they are likely to cover you for fewer illnesses or they may only pay out if you have stage three cancer for example, rather than stage one.

It’s really worth talking to a financial adviser if you think you need critical illness insurance as they’ll be able to navigate you through the complex jargon and make sure you end up with the best policy for you in your circumstances.

If you do need to claim on your policy and your illness is covered, your insurer will make a one off tax-free payment to you which you can use to pay for any of your expenses including the mortgage, your other household bills, any medical bills and other expenses.

We often see clients who think ‘I won’t need that because it won’t happen to me’. We are programmed to think like this, and we all hope it will turn out to be true.

Image

A lot of people also think that if they have to stop working but still need to pay the mortgage and buy the supermarket shopping each week the government will step in with benefits.

Welfare is available for some people in some circumstances, but even if you qualify, it’s likely you’ll get between £70 and £100 a week in state benefits, which is unlikely to cover all of your outgoings.

Image

Some companies provide additional sick pay, although it’s fairly typical that this reduces to the statutory amount after a limited period of absence from work.

Find out the statutory sickness pay amount.

Image

It may not feel nice, but it often pays to think about what you’d do and how you’d cope financially if the worst did happen. The Association of British Insurers did some research recently and found that around one million British people get seriously ill every year in the UK and can’t work as a result.

If you have family and loved ones depending on you, consider having a conversation with your adviser to find out how much it would cost you to have the peace of mind knowing you’re covered whatever happens.

Find Out Current Best Rates

Property Value
£
Mortgage Amount
£
Reason for Mortgage
Mortgage Type
LenderInitial RateTypeForThenAPR*ERC*Fee
Progressive BS Northern Ireland Co-Ownership 2 Year Discount No Fee Purchase BPG1.48%Discount2 years5.49%4.86%2 years £0
Progressive BS 2 Year Discount No Fee Purchase Family Assist BPG1.48%Discount2 years5.49%4.86%2 years £0
Progressive BS 2 Year Discount No Fee Purchase BPG1.48%Discount2 years5.49%4.86%2 years £0
Progressive BS 2 Year Variable No Fee Purchase Foreign Currency Loan BPG1.58%Discount2 years5.49%4.88%2 years £0
Beverley BS Complete FS 2 Year Discount £1895 Fee Purchase BBV1.77%Discount2 years5.24%4.9%2 years £1895
Beverley BS 2 Year Discount £1895 Fee Purchase BBV1.77%Discount2 years5.24%4.9%2 years £1895
West Bromwich Building Society 2 Year Discount £999 Fee Purchase Free Val WBB1.89%DiscountNov-20244.79%4.4% £999
Skipton BS 2 Year Tracker £995 Fee SBS1.91%Tracker2 years4.89%4.1% £995
Scottish BS 2 Year Discount £995 Fee £250 Cashback for Remortgage England Postcodes BSO1.99%Discount2 years5.75%5.3%2 years £995
Scottish BS 2 Year Discount £995 Fee BSO1.99%Discount2 years5.75%5.3%2 years £995
Mortgage product availability is subject to status and availability. Although great care is taken to ensure that product details are as accurate as possible no liability can be accepted for errors or omissions.
*APR = Annual Percentage Rate *ERC = Early Repayment Charge
*These figures are only illustrative. An assessment of your needs will be confirmed before a recommendation can be made. A Key Facts Illustration, which is personal to your circumstances, will be provided if a recommendation for a mortgage product is made.

Best Discounted Rates

LenderRateType
Progressive BS Northern Ireland Co-Ownership 2 Year Discount No Fee Purchase BPG1.48%
then 5.49
(variable)
DiscountRead More
Progressive BS 2 Year Discount No Fee Purchase Family Assist BPG1.48%
then 5.49
(variable)
DiscountRead More
Progressive BS 2 Year Discount No Fee Purchase BPG1.48%
then 5.49
(variable)
DiscountRead More

Best 5 Year Fixed Rates

LenderRateType
Monmouthshire BS 2 Year Fixed £999 Fee Energy Efficient Home Purchase (A Rated EPC) BMO2.89%
then 5.49
(variable)
FixedRead More
Yorkshire Building Society Direct 5 Year Fixed No Fee Purchase £400 Cashback YBS3.15%
then 4.99
(variable)
FixedRead More
Progressive BS 2 Year Fixed No Fee Purchase Family Assist BPG3.19%
then 5.49
(variable)
FixedRead More
Image

Get Guaranteed Lowest Rate Mortgages

Award-winning
Mortgage Advisers

Fast Decisions

National Coverage

Holistic Approach

Comprehensive Panel

Direct Access to Underwriters

No Obligation Quote

Did you know we also offer these services?

No Sale, No Fee, Fixed Price

Low Cost, National Coverage

Instant Online Quotes