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Protection:

Home Insurance

Home insurance protects your property and belongings against unforeseen events like theft, fire, and weather damage. It typically includes two types of cover: buildings insurance (for the structure of your home) and contents insurance (for personal belongings).

Application Process:

  1. Assess the Value of Your Property & Belongings: Estimate how much coverage you’ll need for both your home’s structure and its contents.

  2. Choose a Policy: Decide whether you want buildings, contents, or combined cover. Look at different policies to find the best one for your needs.

  3. Submit Your Application: Provide details about your home, including its age, type, construction materials, and any security measures.

  4. Insurer’s Assessment: The insurer will assess the risk level based on the information provided, including the area you live in and the property’s value.

  5. Receive Your Policy: Once approved, you’ll receive your policy documents, which outline what’s covered and any exclusions.

Factors Insurers Consider:

  • Loan-to-Value (LTV): Lenders assess the ratio between your mortgage amount and the property’s value.

  • Credit Score: They’ll check if your credit score has changed since your initial mortgage.

  • Affordability: Lenders need to ensure you can afford the repayments, especially if borrowing more money.

  • Current Mortgage Terms: If you’re locked into a deal with penalties for early repayment, this could affect your decision to remortgage.
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Top Tips

  • Review Coverage Regularly: Ensure your policy covers the true value of your home and belongings, especially after renovations or new purchases.

  • Consider Optional Add-ons: Think about extras like accidental damage cover or home emergency assistance.

  • Don’t Underinsure: Make sure your sum insured covers the full rebuild cost of your home and the replacement cost of your belongings.

Mortgage repayment calculator

Work out your repayment

£

10%

1%

5.25%

£1421

Monthly Payment

Principal & Interest £1421

Monthly Taxes £1421

These results are for a repayment mortgage and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Looking for a Residential Mortgage?​

If you’re getting on the property ladder, a Liverpool Mortgages can help you navigate the house buying process.
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