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Charlotte Sage - Purchase
The team at Capital Fortune helped us navigate the complex market of ex-pat mortgages and were able provide us with a number of different ...Read More

Life Insurance

For most people getting a mortgage is probably the biggest financial commitment you’ll ever make, which is why we advise our clients to consider taking out some form of protection insurance in case things don’t go quite according to plan.

There are different types of insurance that will cover you for different things but typically, people take out a life insurance policy when they get their first mortgage.

There are different types of life insurance and depending on the level of cover you want, they will be more or less expensive.

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Customer - Purchase
Very good from beginning to end. Delivered what they said they would with choices and careful analysis of need. Speedy decision making. James Drury is professional and personable. ...Read More
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Sarah Robinson - Buy to Let
I am a return customer as Peter Bartlett and the team was able to comfortably secure a mortgage for me a few years ago. I am an international purchaser so had to find something very specific to my scenario and ...Read More
15 days ago

Peter Moore - Buy to Let Remortgage
Excellent sales and excellent customer service. Appreciated the mortgage suggestions and was expertly guided through the required admin ...Read More
15 days ago

Adesina - Buy to Let Remortgage
Highly recommended. We had been searching for months on how to get an expat mortgage. We had spoken directly with financial institutions but all feel through.. Once we started the process with Capital Fortune it was smooth sailing all the ...Read More
16 days ago

Find out more

Term Assurance

This is the simplest form of life cover and it’s usually linked to the mortgage. This means you pay a monthly premium, or payment, to your insurer and in return they agree that if you need to claim, they will pay off the remainder of your mortgage if you die.

This is known as decreasing term assurance as the amount that you’re insuring goes down over the lifetime of the policy because you are paying off the mortgage, so there’s less to repay by the insurer the closer you get to the end of your mortgage term.

It’s difference from ordinary life insurance because, in the event you die before you have repaid your mortgage, the insurer will only repay your mortgage. There will not be any additional money paid out to your surviving partner or family to help cover other costs.

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Life Cover

Some people opt to take out a more comprehensive life insurance policy when they get their mortgage – or even sometimes before or after. This type of policy isn’t linked to the debt outstanding on your home but promises to pay out on your death an agreed sum which is usually bigger than the mortgage.

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This money can then be used to repay whatever debts remain after you die or other expenses your beneficiaries may need to cover, such as funeral costs.

It’s important to note that this type of cover only pays out when you die – unless you take a policy that includes terms and conditions that allow you to access some of the money if you’re diagnosed with a terminal disease for example.

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It’s also a single lump sum payment. For this reason, it’s advisable to put the policy into a trust, something we can do for you. This ringfences the payment from the rest of your estate when you die, meaning your family won’t pay inheritance tax on it and the insurer can release the money to them.

Find Out Current Best Rates

Property Value
£
Mortgage Amount
£
Reason for Mortgage
Mortgage Type
LenderInitial RateTypeForThenAPR*ERC*Fee
Progressive BS 2 Year Discount No Fee Purchase BPG0.51%Discount2 years4.35%3.17%2 years £0
Progressive BS 2 Year Variable No Fee Purchase Foreign Currency Loan BPG0.79%Discount2 years4.35%3.26%2 years £0
Progressive BS 2 Year Fixed £995 Fee Purchase BPG0.89%Fixed2 years4.35%3.96%2 years £995
Barclays Bank 2 Year Tracker £999 Fee Purchase No ERC BWO1%Tracker2 years3.74%3.3% £999
Skipton BS 2 Year Tracker £995 Fee SBS1.02%Tracker2 years4.64%3.9% £995
Accord Intermediary 2 Year Discount £495 Fee Purchase Free Val ACC1.04%DiscountMar-20244.49%3.7%31-Mar-2024 £495
Nationwide BS RETENTION 2 Year Tracker £999 Fee Existing Borrowers BNW1.04%Tracker2 years3.74%3.4% £999
Nationwide BS 2 Year Tracker £999 Fee BNW1.04%Tracker2 years3.74%3.4% £999
Nationwide BS FTB 2 Year Tracker £999 Fee Cashback BNW1.09%Tracker2 years3.74%3.4% £999
Progressive BS 2 Year Discount No Fee Purchase Family Assist BPG1.09%Discount2 years4.35%3.36%2 years £0
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 2 Year Discount No Fee Purchase BPG0.51%
then 4.35
(variable)
DiscountRead More
Progressive BS 2 Year Variable No Fee Purchase Foreign Currency Loan BPG0.79%
then 4.35
(variable)
DiscountRead More
Stafford Railway BS Direct 2 Year Discount £1000 Fee SRB0.85%
then 2.95
(variable)
DiscountRead More

Best 5 Year Fixed Rates

LenderRateType
Progressive BS 2 Year Fixed £995 Fee Purchase BPG0.89%
then 4.35
(variable)
FixedRead More
Progressive BS 2 Year Fixed No Fee Purchase BPG1.14%
then 4.35
(variable)
FixedRead More
HSBC RETENTION Direct 2 Year Fixed £999 Fee Standard HSB1.24%
then 3.54
(variable)
FixedRead More
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