Whole-of-market access, including cover from
Covers commercial mortgages, director's loans, and personal guarantees if something happens to a key individual.
Whole-of-market access, including cover from
Business Loan Protection provides the funds to repay business debt (commercial mortgages, director's loans, or loans backed by a personal guarantee) if a key individual dies or is diagnosed with a critical illness.
Many business loans are personally guaranteed by directors or are dependent on a specific person for repayment. Without cover, their death or serious illness can leave the business, or their family, exposed to that debt.
Some do, particularly for larger loans or personal guarantees, but even where it isn't required, it's worth having so the debt doesn't fall on the business or your family unexpectedly.
Cover can usually be reduced or cancelled in line with the outstanding balance, so you're not paying for protection you no longer need.
Yes, cover can often be structured to protect several loans or a combined borrowing figure, rather than needing a separate policy for each one.
Typically the business itself, so the debt can be repaid directly, protecting both the company and anyone who personally guaranteed the loan.
Match Financial Partners Ltd is authorised and regulated by the Financial Conduct Authority (under number 983246 in respect of mortgage, insurance and consumer credit mediation activities only).
You can check this on the Financial Services Register by visiting the FCA's website www.fca.org.uk or by contacting the FCA on 0800 111 6768.