Home Insurance
Home Insurance: Buying a home and getting on the housing ladder is a fantastic experience, but being a home owner comes with additional responsibilities including protecting your home. This insurance protects your home from a range of perils such as fire, flood, theft and storm damage. Typically the policy can be extended to cover accidental damage, cover for items away from the home (jewellery/bikes etc.) and even legal expenses.
It is very easy to buy home insurance and there are many price comparison websites and online platforms selling ‘cheap’ insurance. However its really important to check what you are actually covered for, as low cost home insurance will typically only offer a basic level of cover. To help, we recommend checking Defaqto, who independently rate insurance policies with a 1 – 5 star rating, so you better understand the cover you are getting.
A condition of your mortgage, will be to purchase Home Insurance, therefore you should arrange for the cover to start on exchange of contracts, which is usually just before you complete and get the keys to the home.
Is all Home Insurance the same?
Sadly not, the cover on offer can vary quite a lot, so its worth taking your time and reviewing the cover to make sure you have the right level of protection. Here st First Select Mortgage Brokers, we can do this for you as part of your mortgage application, which means one less thing for you to worry about.
How much is Home Insurance?
The main factors affecting the monthly payments (premiums) for Home Insurance is the location/post code of the property, the size and type of home, if you have had claims previously and the amount of cover you need. First Select Mortgage Brokers can arrange a monthly budget for you, ensuring the mortgage payments, protection and Home Insurance all fit within your monthly budget.
If you are buying an unusual property, listed building, thatched roof, high-rise flat, property with 25+ aces of land, or have expensive/unique items in the home, then expect to pay a higher premium and you will need to consider a specialist insurer, again we can help with that.
How we can help
As an independent and whole of market mortgage and insurance broker, First Select Mortgage Brokers we will carry out a comprehensive search of the Home Insurance market to find you the lowest cost product that meets your circumstances. We will conduct an affordability assessment with you to ensure the monthly mortgage payments and insurance payments all fit within your monthly budget. Our team has access to wide range of standard and specialist insurance providers.
Our Services
Our team of friendly experts will explain the process of applying for Home Insurance and guide you along the journey. We can explain the entire process and provide FCA regulated advice and recommendation on the best financial solutions for your circumstances, based on your preferences. We can meet face to face, virtually or on the phone. Our systems allow you to submit information and documentation via our secure client portal. After we have arranged your mortgage and insurance, our friendly team will be on hand to help keep your finances in good health, into the future and we will be happy to help again with remortgaging or product switching.
- A dedicated Mortgage Adviser
- Direct access via phone, email and messenger at every stage
- Face to face, virtual or over the phone, flexible to meet your needs
- Full UK coverage, we can support clients all across the UK.
- Secure client portal to upload documents and share information
- Mortgage Decision in Principle / Agreement in Principle (DIP / AIP) certificate
- Whole of market mortgage advice and recommendation
- Insurance & Protection to shelter you from unexpected events
- Clear communication and regular updates
Did you know? Home Insurance should be in place at the point of exchange, not the day you complete. Once you have exchanged contracts you are legally committed to purchase the home, so its in your interest to insure it.
Read our Free Information guide on Home Insurance .
Have more time? We have published a Free Information Guide on Home Insurance. It is a short 4 minute read and can be accessed: here
About us
First Select Mortgage Brokers are friendly and professional mortgage brokers. We can access mortgages from the whole of the UK mortgage market, meaning we can get the best possible deal for our clients circumstances. Based in Manchester, we are a family business with decades of experience in financial services. Our goal is to be the most trusted regional mortgage advisory business in the northwest of England.
Our team of experts are ready and waiting to help. Contact the team below:
Phone: 07780 446 937
Email: hello@firstselectfs.co.uk
Visit our Contact Us page to make a formal enquiry
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