Safeguard Your Home and Family
If something happened to you, could your family keep the home? MomPlans connects you with an FCA-regulated adviser who finds the right mortgage protection policy for your family's needs and budget.
Mortgage cover assessment
Understand whether your current protection covers your full mortgage balance and how long your family would be safe.
Level vs decreasing term
Your adviser explains the difference between level term and decreasing term policies so you choose the right structure for your mortgage.
FCA-regulated and independent
Every adviser we connect you with is authorised by the Financial Conduct Authority and searches the whole market for your best deal.
11.8m
UK mortgages, most with no dedicated life cover in place
£285k
Average UK mortgage balance (UK Finance, 2024)
£0
Cost to get matched with an FCA-regulated mortgage protection adviser
What happens if you cannot pay the mortgage?
Without mortgage protection, your family would need to maintain monthly repayments from savings or other income after you died or became critically ill. When savings run out, the lender begins repossession proceedings.
A mortgage protection policy pays off the outstanding balance directly, giving your family the security of owning their home outright at the moment they need it most.
Your lender does not protect your family
Your mortgage lender is interested in recovering the debt, not in keeping your family in their home. Without your own policy, your home could be repossessed if you died or became critically ill.
Repayment mortgages need decreasing cover
As you pay off your mortgage, the amount owed reduces. A decreasing term policy mirrors this, keeping your premium low while ensuring the outstanding balance is always covered.
Premiums increase with age and health changes
Mortgage protection premiums are based on your age and health at the time of application. Taking out cover now, while you are younger and healthier, typically secures a significantly lower premium.
A vetted network of protection specialists
MomPlans works exclusively with FCA-regulated advisers who have specialist knowledge of mortgage protection products. Every recommendation must be in your best interest by law.
Regulatory references
Three steps to protecting your home
Tell us about your mortgage
Share your outstanding balance, mortgage type and remaining term. We calculate the cover your family needs to stay in their home.
Get matched with a protection adviser
MomPlans connects you with an FCA-regulated adviser who specialises in mortgage protection and searches the whole UK market.
Review your personalised options
Your adviser presents level term and decreasing term options with clear explanations of costs, benefits and any add-ons such as critical illness cover.
They secured their home. Now it is your turn.
"My mortgage broker mentioned protection in passing but never really explained it. My MomPlans adviser took the time to show me exactly how much my daughter would need if I were not here. I sorted it the same week."
"As the only adult on the mortgage I had no safety net at all. My adviser found me a decreasing term policy with critical illness cover that fits my budget and gives my children real security."
"We had life cover through work but my adviser pointed out it would not come close to covering the mortgage. We now have a joint decreasing term policy that does exactly what we need."
Testimonials recreated for illustration purposes.
Why families trust MomPlans
FCA-regulated advisers
Every adviser on the MomPlans network is authorised by the Financial Conduct Authority and holds professional indemnity insurance.
Whole-of-market search
Your adviser compares mortgage protection policies from all major UK insurers, not just a panel, to find your most competitive option.
No obligation to proceed
You are never pressured into buying. Your adviser will answer every question and you decide freely, with no time limits or commitments.
UK GDPR compliant
Your personal and financial data is handled in full compliance with UK data protection law. Nothing is shared without your written consent.
Your questions answered
What is mortgage protection insurance?+
Mortgage protection insurance is a life insurance policy designed specifically to repay your outstanding mortgage balance if you die during the mortgage term. Some policies also include critical illness cover, which pays out if you are diagnosed with a serious illness listed in the policy. It ensures your family can remain in their home even if you are no longer there to make payments.
What is the difference between mortgage life insurance and decreasing term insurance?+
The terms are often used interchangeably. Decreasing term insurance is a type of life insurance where the payout reduces over time, broadly in line with a repayment mortgage balance. Level term insurance pays the same lump sum throughout the policy term, which is more appropriate if you have an interest-only mortgage or want to leave additional funds for your family.
Is mortgage protection insurance required by law?+
No, it is not a legal requirement in the UK. However, many mortgage lenders strongly recommend it, and some may require buildings insurance as a condition of the mortgage. Without your own life cover, your family would be responsible for continuing mortgage repayments from your estate or risk losing the property.
Should I combine mortgage protection with critical illness cover?+
Many advisers recommend combining mortgage protection with critical illness cover. Critical illness cover pays out on diagnosis of specified conditions such as cancer, heart attack or stroke, which are among the most common reasons people are unable to work and make mortgage payments. Your adviser will help you weigh up the cost and value of adding this to your policy.
How much does mortgage protection cost?+
Premiums depend on your age, health, smoking status, the outstanding mortgage balance and whether you add critical illness cover. A healthy non-smoker in their mid-thirties taking out decreasing term cover on a £250,000 repayment mortgage can typically expect to pay under £20 per month. Your adviser will find the most competitive quote for your situation.
Can I take out mortgage protection if I am a single parent?+
Yes, and it is arguably even more important for single parents, who are often the sole income and the only person responsible for mortgage payments. Your adviser will help you find the right level of cover to ensure your children can remain in the family home.
Your family should never lose their home. Let us help you make sure they never do.
Tell us about your mortgage. MomPlans will match you with an FCA-regulated adviser who compares the whole market and finds you the right cover at the right price.
- Free mortgage cover review
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- Whole-of-market comparison
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- FCA-regulated advisers
MomPlans is a free matching service connecting consumers with FCA-regulated financial advisers. We do not provide financial advice. Your home may be repossessed if you do not keep up repayments on a mortgage. Mortgage protection premiums and cover amounts are illustrative only and depend on individual circumstances, health and the policy chosen.