Mortgage protection

Our support doesn't end when you get the keys to your new home. We can also help protect it for you and your loved ones.

Do I need to protect my Lloyds Bank mortgage?

You'll already know how important it is to protect your home and its contents, but it's also important to think about how you might pay for your mortgage should the worst happen.

Mortgage protection gives you peace of mind in knowing that in the event of your death or you becoming too ill to work, your mortgage payments could be covered.

Here are two options you may want to think about:

Life Cover

Life Cover acts as a safety net to protect your family in the event of your death. It pays out a cash lump sum to help your loved ones cope financially when you can't be there.

Our Mortgage and Protection Advisers can help find the right level of Life Cover for your needs and help you protect what matters most.

Is Life Cover right for me?

It’s worth thinking about Life Cover if:

  • You have, or are about to get, a Lloyds Bank mortgage.
  • You want to leave your home to your children or loved ones when you can’t be there.
  • You have other dependants who might struggle to cope financially without you.
  • You're the main earner in your family.

Body Cover

Body Cover pays out a cash lump sum if you are diagnosed with a critical or serious illness which is covered by your policy. 

The money could help you and your loved ones meet day – to - day costs and let you focus on your own health and wellbeing.

Is Body Cover right for me?

You should consider Body Cover if:

  • You have, or are about to get, a Lloyds Bank mortgage.
  • You'd struggle to keep up with day - to - day living costs if you were too ill to work for a length of time.
  • You don't have savings or workplace benefits to cover your costs if you're too ill to work.
  • You'd like a cash lump sum to ease the pressure if you became seriously ill.

Get protected by experts

Our life insurance is arranged by Scottish Widows. They’re a part of Lloyds Banking Group, like us. Scottish Widows are our life insurance experts, and they’ve been protecting what matters most for over 200 years.

Scottish Widows protection products have no cash-in value at any time, so if the policy ends without a claim, you won't get your money back. If you don't make payments on time, your cover will stop, your policy will end and you'll get nothing back.

Do I need this cover to get a Lloyds Bank mortgage?

No, you don’t need this cover to take out a mortgage with us, but it’s something to think about. It’s one less thing for you and your family to worry about if something happens to you.

Can you help me choose the right cover?

Our expert Mortgage and Protection Advisers can help you to find the right cover for your needs, but they’ll only give advice on the amount of cover you need to protect your mortgage.

How can I find out more information?

If you’d like to learn more about protecting your mortgage, or are ready to get a quote, our advisers are on hand to help. Find out how to arrange an appointment below.

Ready to speak to us?

If you’re an existing Lloyds Bank mortgage customer, or are about to get a mortgage with us, please speak to one of our expert Mortgage and Protection Advisers. They’ll be able to give you more information and provide you with a personalised quote.

Book a branch appointment

You could lose your home if you don’t keep up your mortgage repayments

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