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Clockwork Mortgages, 18 Channel Street, Galashiels, TD1 1BA
01896 668514
edb@clockworkmortgages.com

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Buy To Let Mortgages
Remortgages
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Protection
Life Assurance
Critical Illness Cover
Income Protection
Mortgage Payment Protection
Insurance
Buildings & Contents Insurance
ASU Cover

INFORMATION
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Quite often you hear 'it could never happen to me' or 'I'll sort it out later'..... Well the old maxim of ''failing to plan is planning to fail'' is no better suited to the ignoring of crucial decisions on protection....

As one would imagine, there are many types of protection policies to choose from. Finding the one that provides adequate cover and the right protection is not as easy as you may think. As Independent Mortgage and Protection Brokers we can help you find the one that best meets your requirements.

LIFE ASSURANCE

What is it?
A Term life insurance plan is the most basic form of life insurance and is usually the cheapest way to insure your life. It covers you for a fixed period and pays out a one off lump sum if you die during the policy term. 

With some term insurance policies you can add additional options, for instance critical illness cover. If you do add on critical illness cover, the plan will pay out once on diagnosis of a qualifying critical illness or if you die during the term of the policy.


Who is it for?
This type of plan is designed for those who want to leave a lump sum in the event of their death within a specified time period whilst keeping the cost to a minimum. Term assurance can protect your family from the financial implications of a personal tragedy and is particularly important if you have young children or dependents. It can be used to cover a mortgage, other loan or to ensure that your family is protected from the effects of having to repay a debt after the main breadwinner has passed away. As Independent Mortgage and Protection Brokers we can help you find the plan that best meets your requirements.

CRITICAL ILLNESS COVER

What is it?
A Critical Illness plan is designed to pay out a lump sum on the diagnosis of certain specified illnesses. It is often 'bolted on' to a life assurance policy as an additional benefit but can also be a standalone plan.

Who is it for?
This type of plan is designed for those individuals or families who want a lump sum if they are diagnosed with a serious illness. As an example of where this lump sum could be used is to repay a loan, mortgage, or perhaps pay for time off work. The lump sum could even be used to pay for any necessary alterations to your home. 

The quality of cover and the illnesses covered can vary significantly between different providers. As Independent Mortgage and Protection Brokers we can help you find the plan that best meets your requirements.

INCOME PROTECTION

What is it?
An Income Protection plan is designed to pay out a regular income in the event you are unable to work due to an accident or illness. These types of plans continue to pay out an income as long as you are unable to return to work up until the end date of the policy (typically your normal retirement age).

This type of plan is quite often seen as the foundation of any financial planning as it is likely that other plans will have to be given up if you do not have sufficient income coming into the household.

Who is it for?
This type of plan is designed for anyone whom is working (employed or self employed). It's worth pointing out that even if your employer provides sick pay, it is unlikely to last for longer than twelve months and so ongoing protection is essential. Plans can be adapted to fit in with any existing protection you might have. As Independent Mortgage and Protection Brokers we can help you find the plan that best meets your requirements.

MORTGAGE PAYMENT PROTECTION

What is it?
A Mortgage Payment Protection plan is designed to ensure that you are able to continue to make your mortgage (and other related expenditure) payments in the event of accident, sickness or unemployment. It is often referred to as Accident, Sickness and Unemployment cover or ASU. These plans usually pay benefits for up to two years however, if you are seeking a plan that pays for a longer period, then Income Protection Insurance is generally more suitable. 

It’s worth noting that there is currently no legal requirement to have such cover and potential mis-selling of these products has generated much interest from the media and the industry regulator in recent years. However, this doesn’t mean that they are not right for some people and can provide valuable protection in the right circumstances.

Who is it for?
This type of plan is designed for those who are worried about being able to continue their mortgage payments in the event of losing income due to accident, sickness or unemployment. 

It is extremely important that you take independent advice before taking out this type of plan as they are not always the best nor cheapest option.  As Independent Mortgage and Protection Brokers we can help you find the plan that best meets your requirements.



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Your home may be repossessed if you do not keep up repayments on your mortgage.

Clockwork Mortgages is a trading name of Ewan David Barrowclough, 18 Channel Street, Galashiels, TD1 1BA, who is authorised and regulated by the Financial Conduct Authority number 499804.

Clockwork Mortgages offers Mortgages and Protection from the whole of market and Buildings and Contents from a range of insurers. There is a charge for mortgage advice.
That fee is £295, in which £100 is payable at the initial meeting with the remaining £195 payable within 7 days of the mortgage offer, we also receive commission from the lender.

There is no charge for Protection or insurance advice. We receive a commission from the Provider.

The information on this website is for the use of residents of the United Kingdom only. No representations are made as to whether the information is applicable or available in any other country which has access to it.