Business protection
Business protection is insurance that helps a company stay financially stable if a key person, partner, or shareholder dies or becomes seriously ill.
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PROTECT YOUR BUSINESS WITH MORTGAGE LIGHT.
Business protection brokers in Milton Keynes
The most valuable asset to any business is its people - without them, a company’s survival can be at serious risk.
Business protection is designed to help businesses and directors continue to trade if a key person, business owner or shareholder becomes terminally, critically ill or dies. Proceeds from the policy could help ensure that key individuals are replaced, corporate debt is protected and shares from the deceased partner's/director's estate are purchased in the companies best interests.
Many believe arranging business protection is a lengthy and complicated process - but actually, the principles are similar to any other type of protection. The most significant differences are that these bespoke Business Protection solutions generally incorporate higher sums assured and that a claim may be paid to a business rather than a family member.
PROTECT YOUR BUSINESS' ASSETS.
Four main types of business income
Key person protection (profit protection)
Covers the loss of a key employee due to death or critical illness. It provides a payout to help cover loss of profits or recruitment costs.
Partner/Director/Limited liability partnership share protection
Ensures remaining business owners can buy back shares if a partner or shareholder dies or becomes critically ill - keeping control of the business.
Business loan protection
Helps repay outstanding business loans or debts if a key person or guarantor dies or becomes critically ill, preventing financial strain.
Relevant life plan
A tax-efficient life insurance policy for employees or directors, providing a death-in-service benefit outside of a group scheme.
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HOMEOWNERSHIP FOR EVERYONE.
10 ways first time buyers are getting on the property ladder
As a first-time buyer, there are a number of mortgage products designed to help make homeownership more accessible - particularly if you’re struggling to build up a large deposit.
Low deposit mortgages
Where some lenders will accept deposits as low as 5%, depending on your credit profile and income.
Higher income multiples
Available to applicants with strong rental histories, a high salary, or professional qualifications, often more accessible when you have a larger deposit
Cashback mortgages
A fixed sum back upon completion to help with initial costs - normally linked to new build homes.
Shared ownership
Where you buy a share of a property and pay rent on the remainder – with the option to purchase more shares over time.
Builder or developer incentives
Often offered on new-builds to reduce your upfront costs - there are often ways to work directly with the developer to tailor the deal and explore additional mortgage options.
Joint borrower, sole proprietor mortgages
Sometimes called “income booster” - allowing a parent or family member to support your income without being named on the property
Zero deposit (100%) mortgages
Available in specific circumstances – such as where you've been renting for a period of time and can show a consistent payment record. These are subject to stricter eligibility criteria and affordability checks.
Looking to get more information on your first mortgage?
PROTECT YOUR INCOME WITH MORTGAGE LIGHT.
Our team are here to help.
We make this easy for you. Simply contact us to arrange to come in and discuss your needs. If you’re pushed for time, call one of our expert advisers and we will be able to go through your options in a quick chat over the phone.