How to protect your mortgage payments when you’re unable to work

24th August 2021 / in Contractor Mortgages & Protection Blog / by Gordon Hunter, MD

Affordable mortgage cover that can protect your monthly mortgage payment should you be unable to work due to illness or injury.

Protection provider LV have launched a brand-new product specifically to help protect your mortgage or rent payment every month. If you were unable to work due to illness or injury, this cover would protect up to 100% of your monthly mortgage payment.

There is no financial underwriting for applying for this cover. You have to be working (although there is no minimum working hours or earnings required), and you just need to show us evidence of what your monthly mortgage payments are.

So if you are concerned about not being able to pay your mortgage in the event of an accident, sickness or a condition, then as long as you are working any job and any amount of hours – we can ensure you will have a regular income that pays that mortgage for at least a year or until you have recovered and can get back to work when you are fit and well.


How much could this cost?

For example, if you paid £723 on your mortgage payments every month – an example to protect this amount could be:

  • £9.27 per month to receive tax-free monthly income of £723 for 12 months
  • £10.71 per month to receive tax-free monthly income of £723 for 24 months

Based on a 35-year-old, female, non-smoker.

What you need to know

  • Cover is based on your monthly mortgage or rental payment. The minimum amount of cover available is £100 and the maximum is £2,000 per month.
  • No financial underwriting is required upon application. You just need to show us your documentary evidence at application to show the regular mortgage or rental payments that you’re legally responsible for.
  • The LV Mortgage & Rent Guarantee means LV guarantee will pay the full chosen amount of cover throughout the claim.
  • Includes a range of options so you have the flexibility to increase or decrease the amount of cover if your monthly mortgage payments change.
  • “Pay my mortgage” facility offered to those with a mortgage so you can choose to have all or some of your claim payments paid directly to your mortgage lender.
  • You also will have access to LV= Doctor Services and LV Member Care Line.


This information is a summary only. You will receive a full policy document upon application. This policy will set out the terms, conditions and limitations of cover provided under the plan

For more information about which protection policy suits you and your family’s needs, request a callback below.

Speak to an expert protection specialist

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Lifetime Finance Group Limited trading as Super Contractors is an Appointed Representative of PRIMIS Mortgage Network, a trading name of First Complete Limited which is authorised and regulated by the Financial Conduct Authority for mortgages, protection insurance and general insurance products. 

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