Private medical insurance
Private medical insurance meets the costs of private medical treatment. Competitive rates available at Mortgage Light; Milton Keynes.
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Private Medical Insurance advisers In Milton Keynes.
Private medical insurance advisers in Milton Keynes
What is private medical insurance?
Private medical insurance (PMI) is an insurance policy designed to meet some or all of the costs of private medical treatment. It is also known as private health insurance.
There are two main types of private medical insurance policies, the first are "Indemnity" policies - they meet the costs of having private medical treatment for an acute illness or injury on a short-term basis. This could include a private room in a hospital, surgeons' and other specialists' fees, outpatient treatment like physiotherapy and daycare treatment including surgical and diagnostic procedures.
The second type are "Cash plan" policies, these policies provide a lump-sum benefit payment in certain situations. Generally, the consumer will pay a monthly premium in return for cover, for up to 100% of costs for treatment like an inpatient stay in an NHS hospital, or dental or optical treatment. These may not be included under an "indemnity" policy.
Both "indemnity" and "cash-plan" policies can have additional benefits, such as cover for partners and/or children, one-to-one telephone support for cancer and heart patients, customer health checks and helplines, access to complementary therapies and psychiatric treatment, dental and optical treatment, treatment at home for intravenous therapies like chemotherapy.
Another variation is a "six week plan", which covers the costs of private medical treatment when NHS waiting times for that treatment are likely to be more than six week. It is worth noting most private health insurance policies don't cover pre-existing conditions.
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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.
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PMI FOR YOURSELF & YOUR LOVED ONES
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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.