Call us
01242 697821

Blogs

Keep up to date with the latest news and our guides on all things mortgages. 

What insurance do you need to buy a home?

Are you buying a home in 2025? You’ve sorted out your finances, found the perfect home to buy, and now all you need to do is move in? Don’t forget insurance as the last step! We are here to help — call us today to get all your insurance in order before you commit to buy. 

When buying a home, you may need several types of insurance or want to consider. We will give you a quick runthrough of what you might need. But reply to this email for more details. Let’s jump in!

1. Buildings Insurance (Mandatory for Mortgages)
What it covers: Protects the structure of your home (walls, roof, floors) and permanent fixtures (kitchen, bathroom) from risks such as fire, flooding, or subsidence.
When you need it: If you're using a mortgage to buy the property, your lender will require you to have building insurance in place from the date you exchange contracts.

2. Contents Insurance (Optional but Recommended)
What it covers: Protects your personal belongings (furniture, electronics, clothing) against risks like theft, fire, or water damage.
When to consider: Useful once you've moved in to protect your possessions.

3. Life Insurance (Optional but Common)
What it covers: Ensures your mortgage will be paid off if you pass away.
When to consider: Often recommended for homeowners with dependents or joint mortgages to provide financial security for loved ones.

4. Mortgage Payment Protection Insurance (MPPI) (Optional)
What it covers: This helps cover your mortgage payments if you lose income due to illness, accident, or redundancy.
When to consider: Worth evaluating based on your job security and savings.

5. Income Protection Insurance (Optional)
What it covers: Provides a percentage of your income if you're unable to work due to illness or injury.
When to consider: A broader option compared to MPPI, as it can cover all living expenses, not just the mortgage.

6. Critical Illness Cover (Optional)
What it covers: Provides a lump sum if you're diagnosed with a serious illness, which can help pay off the mortgage or cover other expenses.
When to consider: Often sold with life insurance but can be standalone.

Would you like help finding providers or understanding costs? Give us a call for more details!

SPEAK TO AN ADVISER

Related

What is a Second Charge Mortgage?

What is a Second Charge Mortgage?

Are you struggling to make ends meet in the face of the ongoing cost-of-living crisis? Are you looki...

Read More >
Is equity release available for the self-employed?

Is equity release available for the self-employed?

Are you self-employed, retired, or unemployed and looking for equity release? Are you wondering if y...

Read More >
Energy bills - what to do if you’re struggling

Energy bills - what to do if you’re struggling

Despite the Prime Minister's recent announcement that energy bills will be capped at £2,500 annu...

Read More >
Are you one of the married couples due up to a £1,000 tax rebate?

Are you one of the married couples due up to a £1,000 tax rebate?

With over 24 million people in the UK tying the knot, did you know you might be due a tax rebate pos...

Read More >
Make your mortgage review a priority in 2024

Make your mortgage review a priority in 2024

For most of us, our home loan represents one of the most significant financial commitments of our li...

Read More >
Let’s get you on the property ladder with these tips!

Let’s get you on the property ladder with these tips!

We can help you get on the property ladder. Feel free to call us today to see what we can do for you...

Read More >

What our clients say...

Latest Blog

Here are some tips for managing bills and finances when you don’t have a regular income

Managing money and bills self-employed can feel like a juggling act. Especially since you don't have...
Read More

Look after your health to ensure you are ready to work

Managing money and bills self-employed can feel like a juggling act. Especially since you don't have...
Read More

Is equity release available for the self-employed?

Are you self-employed, retired, or unemployed and looking for equity release? Are you wondering if y...
Read More

Why income protection & critical illness cover are extra important for the self-employed

If you're self-employed in the UK, income protection and critical illness cover are extra critical. ...
Read More

Do you need extra building and content insurance policies in place if you work from home?

Maybe you've spent a bit of time putting together your business. Now everything is going well, you w...
Read More

Can I get a mortgage if I’m self-employed? Plus other commonly asked employment questions

Work habits in the UK continue to evolve and change. And so, the mortgage industry is addressing con...
Read More

Health Insurance and Buying a New Home: Why They Go Hand in Hand

Buying a new home is an exciting milestone but also a significant financial commitment. While health...
Read More

Selling this spring? Top tips to get your house ready for sale!

Firstly, let’s ask, how does your house look from the street? First impressions are so important wh...
Read More

What insurance do you need to buy a home?

Are you buying a home in 2025? You’ve sorted out your finances, found the perfect home to buy, and ...
Read More

Protecting Your Family’s Financial Security with Life Insurance

When you buy a new home, you're often making one of the largest financial commitments of your life. ...
Read More


Fairview Financial Ltd is an appointed representative of The Right Mortgage Limited, which is authorised and regulated by the Financial Conduct Authority. Fairview Financial Ltd is registered in England and Wales no: 10912424. Registered office: 107 Promenade, Cheltenham, GL50 1NW.

The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.

@ 2020 by Fairview Financial

Our Fees        

A fee may be charged for mortgage advice. The exact amount will depend on your circumstances.

Our standard fee for mortgages is £395 and this is paid when the mortgage is offered. We charge a fee of £295 First-Time Buyers. Other fees may apply depending on the complexity of the work involved or loan amount. The maximum fee we can charge is £795.

Our standard fee for Equity Release is £895 and this is paid on completion.

We also receive a commission from the lender that will vary depending on the lender, product or other permissible factors. The nature of any commission model will be confirmed to you before you proceed. If we receive a commission, this will not affect the cost payable by you.

THINK CAREFULLY ABOUT SECURING OTHER DEBTS AGAINST YOUR HOME.

YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBTS SECURED ON IT.

BUY TO LET MORTGAGES ARE NOT REGULATED BY THE FINANCIAL CONDUCT AUTHORITY.

EQUITY RELEASE: THIS IS A LIFETIME MORTGAGE. TO UNDERSTAND THE FEATURES AND RISKS, PLEASE ASK FOR A PERSONALISED ILLUSTRATION. CHECK THAT THIS MORTGAGE WILL MEET YOUR NEEDS IF YOU WANT TO MOVE OR SELL YOUR HOME OR YOU WANT YOUR FAMILY TO INHERIT IT. IF YOU ARE IN ANY DOUBT, SEEK INDEPENDENT ADVICE.


  • Back to top