So Smart Money are specialists when it comes to mortgage and insurance. We have access to the UK’s leading brokers and using their knowledge and skills they'll place you with the most suitable lender and product for your needs.
Speak to an expert for mortgage advice, life insurance cover, to protect your income, insurance your home or contents and private medical cover.
"Matthew at So Smart found me the best deal for my first Mortgage, he was extremely helpful! I would highly recommend this company!"
"I've been looking to switch mortgages recently to secure a better rate and the guys at So Smart Money helped me do just that."
"My mortgage enquiry was dealt with swiftly and professionally. I would highly recommend So Smart Money to others."
"I've used sosmartmoney a couple of times now, I checked my old mortgage with them and it encouraged me to get a better deal."
Winner of AI Finance awards 2015 for: Best personal finance comparison site & Best online price comparison platform
If you're the main breadwinner in the household and you have a mortgage to pay, then you'll want to know that if anything should happen to you, your family will be provided for and won't be at risk of losing their home,
No one really wants to think about this bleak outlook, but having adequate protection in place could give you the peace of mind you need that your family will be protected in the future if the worst should happen.
As your mortgage is likely to be your biggest outgoing, you can take out specific insurance that will cover this in the event of your unexpected death.
What is Mortgage Life Insurance?
Mortgage Insurance is simply a form of Life Insurance that will allow your family to pay off your mortgage in the event of your death. You can choose to insure yourself for the sum of your outstanding mortgage balance at the time of your death. This is usually referred to as decreasing term life insurance - this will pay out an amount appropriate to your current mortgage debt only. This is often a more affordable form of cover, but the downside is that there will be no spare cash left over once your mortgage debt has been paid off.
If you would prefer to leave a bit extra money spare for your family then one option would be to take out level term life insurance.
Level Term Insurance will pay out a set amount if you die within the term of the mortgage. If you've taken out £200,000 worth of cover and you die when you only have an outstanding balance of £20.000, your family will still get the full payout of £200,000 - enough to cover your final mortgage payments with enough left over to settle any other debts or help to maintain their current costs of living.