LIFE INSURANCE FOR HOMEOWNERS
We specialise in life insurance when buying a new house
"Advised me on the type of cover I needed at a fraction of the cost of other quotes"
-Michael
50+ Insurers. Expert Advice.
Big Savings !
What can life insurance cover?
If something happened to you tomorrow, could your loved ones afford to stay in the home you’ve just bought? Life insurance helps make sure they won’t face financial strain — or risk losing the roof over their heads.
Funeral Costs
The average cost of dying
£9,493
Mortgage Costs
Monthly cost of housing
£798
Living Costs
Monthly cost of living
£3,053
Transport Costs
Average monthly transport costs
£348
Transport Costs
Average monthly transport costs
£348
£300,000 Life Cover
£10
For only per month
Tuition Fees
Average yearly tuition fees
£9,188
House Deposit
Average 10% mortgage deposit
£23,200
House Deposit
Average 10% mortgage deposit
£23,200
Pay the Bills
Household bills monthly cost
£237
Take a Holiday
A ten day holiday for 4 people
£3,796
See references
- Cost of Dying Report 2020 (SunLife)
- What is the Cost of Living in the UK? (Expatistan)
- Average London rent hits record high as supply continues to drop (Homes & Property)
- Average UK Household Budget 2021 (NimbleFins)
- University tuition fees in England now the highest in the world, new analysis suggests (Independent)
- How much deposit do I need for a house? (Bankrate UK)
- What is the average cost of utility bills per month? (The Money Advice Service)
- Average Cost of a Holiday Abroad 2020 (NimbleFins)
- £10 per month pays for £300,000 of cover for 30 years for a 30 year old non-smoker, based on perfect health
- Trust Pilot review source:
How Life Insurance Works When Buying a House ?
It’s peace of mind for you.
And security for the people you love
Fill out a simple form
Tell us about your mortgage and your needs
We ask a few quick questions — it only takes a couple of minutes.
We Compare Policies from 50+ Providers & Call You
You get personalised options that fit your home, your budget, and your life.
You pick your cover — and that’s it
Once your policy is in place, you can relax knowing your home is protected, no matter what happens.
Real Home Owners. Real Advice.
When you speak to us, you’ll chat with a friendly UK-based expert who understands what buying a home really means.
- You’ll only ever speak with us — we never pass on your details
- No pressure. Just honest, helpful guidance
- We’re FCA authorised and ICO registered — your trust matters to us
“The most rewarding part of what I do? Knowing we’re helping people protect their homes and their futures. Every day, we give families peace of mind — even in the worst moments”
“What I love most is that we’re here to help, not to push. It’s about finding what’s right for each person. I end every call knowing I’ve made a real difference — and that feels good.”
Life Insurance When Buying a House
Buying a home is a huge step, and while it’s exciting, it also brings long-term commitments—especially financial ones. That’s why life insurance when buying a house is so important. It acts as a vital financial protection tool, ensuring that your loved ones can continue to live in your family home without the pressure of taking on your mortgage or other financial burdens.
Why Do You Need Life Insurance When Buying a House?
When you take out a mortgage, you’re committing to monthly mortgage repayments. But what happens if you pass away during the mortgage term? This is where life insurance becomes essential.
A suitable life insurance policy ensures that your outstanding mortgage can be paid off through a life insurance payout or lump sum, so your family isn’t left with the stress of keeping up mortgage payments or facing the sale of the house.
Types of Life Insurance for Homebuyers
There are many types of life insurance tailored to different needs. Let’s explore your options:
Term Life Insurance
Term life insurance offers life cover for a set number of years, usually the length of your mortgage term. If you pass away during this time, your family receives a cash sum.
Decreasing Term Life Insurance
Perfect for a repayment mortgage, this type of insurance for a mortgage decreases in value over time, just like your mortgage loan. It’s a cost-effective way to cover mortgage costs.
Level Term Life Insurance
This option provides a fixed tax free lump sum payout if you die during the policy term. It’s ideal if you want to leave behind more than just enough to clear the mortgage.
Joint Life Insurance
If you have a joint mortgage, a joint life insurance policy may be the right fit. It can pay out on the first death, helping the surviving partner cover the remaining balance.
Mortgage Life Insurance
Mortgage life insurance is designed to specifically cover the amount left on your mortgage. It ensures your property remains with your family, not the bank.
You can also buy life insurance alongside critical illness cover for extra financial support in case you’re diagnosed with a serious illness.
How Much Cover Do You Need?
Wondering how much cover is enough? Consider your mortgage costs, other debts, savings, and future living expenses. This ensures the life insurance cover you choose is sufficient.
For some, separate policies for each partner make more sense than a joint one. It depends on your specific needs—and we’re here to offer fee free advice on the best setup.
How much does life insurance cost for a new home owner ?
When you’re investing in a new home, every penny counts. That’s why it’s reassuring to know life insurance can cost less than your weekly coffee run — while protecting the biggest purchase of your life.
£10.99
per month
£8.99
per month
Life Insurance
Starting from only
£4.99
per month
Do I Really Need Life Insurance?
If you’ve just bought a home — or you’re about to — the answer is probably yes.
- Would your partner struggle to pay the mortgage without you?
- Would your family be left to cover debts or bills?
- Would you want to protect your new home, no matter what?
- Anyone who relies on you financially? (Partner, children, family?)
If any of that hits home, now’s the time to get covered.
Life insurance is usually cheaper when you’re younger — and it only gets more expensive the longer you wait.
Buying a home is a big step.
Protecting it is a smart one.
Do You Need Life Insurance to Get a Mortgage?
While life insurance isn’t a legal requirement, many lenders strongly recommend it. After all, it protects both your family and their investment in the property. This kind of insurance for a mortgage is a responsible way to plan ahead.
Added Protection Options
Critical illness and critical illness cover offer a cash sum if you’re diagnosed with a serious health condition.
Buildings insurance covers structural issues or accidental damage to your home.
Landlord insurance is essential for buy-to-let properties.
Home insurance and contents cover protect the possessions inside your home.
Got questions? You're not alone.
We've answered some of the most common ones below to help make things clear and simple.
Do I need life insurance when buying a house?
Life insurance isn’t mandatory, but it’s strongly recommended. It protects your family by covering the mortgage if you pass away.
What type of life insurance is best for new homeowners?
Decreasing term life insurance is best. It’s affordable and aligns with your mortgage balance, reducing as you repay the loan.
Is mortgage life insurance the same as regular life insurance?
No. Mortgage life insurance pays off your mortgage only. Regular life insurance offers broader financial protection for your family.
How much life insurance cover do I need when buying a house?
At minimum, match your mortgage amount. Consider extra cover for bills, debts, and dependents to ensure full protection.
Is life insurance mandatory for getting a mortgage in the UK?
No, but some lenders may encourage it. It’s a wise step to secure your home and protect your family’s future.
What happens to my mortgage if I die without life insurance?
Your mortgage must still be paid. Without life cover, your family may need to sell the property to repay the debt.