Quite simply, its sick pay. 
When you are employed, sick pay is often (not always), given for up to X months. After that, you would go onto the current government SSP. This is just over £400 a month. Not amazing really considering the average mortgage payment in the UK is £665 per month. 
When self-employed, you just get nothing! No sick pay at all. 
So how do we get around this? How do we keep you in the home when you can’t work? 
We use the income protection. This insurance cover will start to pay you once your sick pay has run out. It will pay you a large % of your usual monthly pay so that you can keep your bills paid, your family safe, fed, and warm as well as pay the mortgage and stop you going into arrears. 
On that note too, it helps to protect your valuable credit score. If you miss a payment, or even just pay late, this could put a huge dampener on your borrowing ability further down the line. 
Monthly premiums, paid to the lender are usually very low considering what it can do. 
There are some plans that pay for 2/3/5 years, but if you pay a little more per month, you get something even better. It will pay out until you can get back to work OR until you retire! 
If you had an injury at 25 and you couldn’t work in the same role again, they would pay you every month until 65! Amazing! 
Get in touch to find out how you can protect everything you have worked so hard for. 
Austyn Johnson 
07500 871 209 
Tagged as: income, insurance, protection
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VH D Consultants. Contact details here Live Chat webpage here Broker Log In / BrokerCentre here 
Head Office address; 109 Maldon Road, Colchester, Essex CO3 3AX (Administration Centre only) 
Your home may be repossessed if you do not keep up repayments on your mortgage. 
We normally charge a Professional Client Fee for mortgage advice. The amount will depend on your circumstances. A typical fee would be £500. The actual Professional Fee may be more or less than this, and is subject to a full Fact Find discussion and research process. H D Consultants is a trading name of Howard Reuben who are an Appointed Representative of PRIMIS Mortgage Network, a trading name of Personal Touch Financial Services Ltd. Personal Touch Financial Services Ltd is authorised and regulated by the Financial Conduct Authority.. Registered Office: Preston House, 163 High Street, Crowthorne, Berkshire, RG45 7AF. Registered in England & Wales. Company Registration Number 4952586. This site is for UK Consumers only. Website Terms and Conditions click here for our Privacy Policy. GDPR Privacy Policy - click here (PDF download / view) This site contains third party links. By clicking these links you will depart from the H D Consultants' regulated site. H D Consultants nor PRIMIS Mortgage Network is responsible for the accuracy of the information contained within the linked site. The Financial Conduct Authority does not regulate some of the services listed. H D Consultants, mortgage and life insurance advisers, is authorised by the FCA no 403701. Our in house Wills and Trusts Practice is a long standing Member of the Society of Will Writers and Estate Planning Practitioners.  
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