Income Protection

This policy is designed to provide an income (after a defined waiting period) in the event the insured individual is unable to work due to ill health or accident. The level of premium will depend upon the amount of benefit and term selected. Most policies cease to pay the benefit once the insured can return to work. Income protection policies are usually written to retirement age or 60 if earlier.

Accident, Sickness & Unemployment (ASU)  

ASU policies were traditionally sold to accompany mortgages, allowing for a regular income to be paid to the insured should they be unable to work due to ill health, an accident or lose their job. The product can be split down, and unemployment cover is usually the optional extra available for an additional premium. Benefits are only usually paid for a specified period, for example 12 months. It is important to compare ASU and Income Protection closely as one may be more suitable than another. It may also be beneficial to use the two products to work in tandem with each other.

Why use Miles Rhodes

You’re protected

An important thing to understand is that when you receive mortgage advice, Miles Rhodes has a duty of care to you. We will recommend a suitable mortgage and be able to justify why the particular mortgage we have chosen is right for you.

In contrast, if you go directly to a high street mortgage lender, don’t take advice, and end up with a mortgage that later becomes unaffordable, you may not have so much legal recourse.

All our mortgage advisers are qualified

There’s an awful lot to think about when choosing the right mortgage. It’s not as simple as just opting for the cheapest fixed or tracker rate mortgage you can find!

Mortgage advisers have to be qualified to give you mortgage advice, whereas you may not get that kind of guarantee if you ring up a lender’s call centre.

We are on your side

Miles Rhodes will look for the best mortgage for you. We aren’t on the lender’s side, we are on yours, and we give you access to far more products than if you went direct.

You will get unbiased advice and will be able to choose from a range of lenders and subsequent products, rather than being restricted to the single range of the lender you go to.

 

We know the industry

Mortgage criteria has tightened massively over the last few years, with the Mortgage Market Review being the latest, and arguably widest-ranging, development.

It’s been designed to ensure borrowers can prove affordability, even in the event of a rate rise, and those extra checks have understandably increased application times.

Our Reviews

Angela Cook
5 months ago
Once again, kevin has done a fantastic job of sorting my life and critical illness cover. He understands his products and only includes what the customer needs to get the best value. I’d recommend him to anyone looking for a mortgage or life cover.
Phil Williams
2 months ago
The advisor who assisted me, craig towle, was brilliant throughout, what for me, was a potentially stressful experience , but which was actually a very simple and straightforward process, thanks to craig’s expertise and patience. Craig assisted me with every step, found me the least expensive read more
Owen May
6 months ago
We’ve used kevin at miles rhodes for several mortgage changes now and wouldn’t go anywhere else. He consistently secures the best deals and makes the whole process simple and stress-free. Always responsive, proactive, and completely on top of the detail — you know you’re read more
Christy Lee
2 days ago
I have always had a really positive experience dealing with nicky holbrook at miles rhodes. Nicky is professional, knowledgeable, and provides an outstanding level of service throughout. Everything is always handled efficiently and in a straightforward way, making the whole process easy and stress-free. I have read more
Sam M
7 months ago
Craig, was fantastic from start to finish with sorting our first ever mortgage. He made time for us whenever we needed him. Explained everything to us and answered any questions we had clearly. Would highly recommended to others and already have done to family and friends. read more
Tracey Stafford
7 months ago
Kevin mitchell has helped us with our mortgages for over 20years he has always been extremely professional and helpful. We have never used any other financial advisor. Would definitely recommend him and the services he has provided for us.

Want to know more?

To find out more or arrange a meeting with us, please call
01362 423042, or email contact@milesrhodes.net

Contact Us