River Finance Ltd

River Finance are Mortgage and Protection Advisers. We offer a first class service in helping you find the most appropriate products for your mortgage and protection needs from a comprehensive range of mortgages from across the Market. Our qualified advisers help reduce stress by explaining the advice clearly and honestly through every stage of a transaction, making sure you understand, and are happy with the terms of any products we recommend.

Types of cover

  • Find me a mortgageFind Me a Mortgage

  • Today's Best Mortgages
  • Free Loan Calculators
    • How Much Can I Borrow?

      Mortgage Borrowing Calculator

      Please enter the income for the first and (if appropriate) second applicants and the maximum borrowing will be calculated

      Applicant 1 income £
      Applicant 2 income £
       
      Maximum borrowing £

       

      Your home may be repossessed if you do not keep up repayments on your mortgage.

       

      For mortgages we can be paid a fee, usually up to £1,500 or by commission. Typically the fee charged is around 0.35% of the loan amount.

    • How Much Could I Pay?

      Mortgage Payment Calculator

      Please enter the requested values, and then the monthly payment will be calculated

      Loan amount £
      Rate %
      Term years
      Repayment Interest only
       
      Monthly payment £

       

      Your home may be repossessed if you do not keep up repayments on your mortgage.

       

      For mortgages we can be paid a fee, usually up to £1,500 or by commission. Typically the fee charged is around 0.35% of the loan amount.

  • Request a Call BackRequest a Call Back

For a free initial consultation, you can speak to one of our expert advisers on:

01440 730743

Or request a call back

Done!

Is Life Cover known under different names?

Because Life Assurance is such a varied and flexible product, it can come under a number of different names. Each generally describes the covers aims however some are simply interchangeable with Life Assurance:

Life Insurance
A general term used to mean the same as Life Assurance. The difference is that in the insurance world they insure against something which might happen but they assure against some they know definitely will happen at some stage, i.e., death.

Mortgage Life Assurance / Mortgage Life Insurance
Mortgage Life Assurance is used to protect your mortgage against the risk of you dying and leaving it behind for your family to continue paying.

Mortgage Life Assurance is only suitable for mortgages which are Capital and Repayment because the level of cover is designed to reduce as your mortgage reduces over the years.


The reduction ensures that there is always enough in the 'pot' to pay off the mortgage if the worst happens but there will be very little surplus remaining.

Decreasing Life Assurance / Decreasing Life Insurance
Decreasing Life Assurance is a term used to mean the same as Mortgage Life Assurance. The 'decreasing' refers to the reduction in cover over the years.

Term Life Assurance / Term Life Insurance
Term Life Assurance is the opposite of Mortgage Life Assurance in that the amount of cover remains the same throughout the term of the policy and does not reduce. This type of Life Assurance is suitable for those people with Interest Only mortgages, those wishing to cover funeral expenses and people wanting to leave a sum of money behind to ensure their families standard of living.

Level Life Assurance / Level Life Insurance
Level Life Assurance or Level Term Life Assurance is another term which is used to refer to Term Life Assurance.

Increasing Life Assurance / Increasing Life Insurance
Increasing Life Assurance is an extra option offered by most insurance companies which allows you to protect your Term Life Assurance policy from the effects of inflation. Each year you will be offered the opportunity to increase your amount of cover in line with the retail price index without any further need for medical information.


This allows your policy to retain its real value over the years so your family receive a payout of equivalent value in years to come.

Index Linked Life Assurance / Index Linked Life Insurance
Another term used to refer to the increasing life assurance option offered on term life assurance policies.

Critical Illness Cover

Critical illness cover is an important financial safety net. It's designed to pay out a fixed cash amount if you're diagnosed with one of the critical illnesses covered in the individual insurer's policy.

Critical Illness Cover is designed to pay out in most circumstances including some forms of cancer, heart attack and stroke. However, because of advances in medicine, not every type of cancer will have a severe impact on your lifestyle if discovered and treated early enough, for example, a cancer needs to have spread or reached a specified severity to be covered.

 

Your property may be repossessed if you do not keep up repayments on your mortgage.


The FCA does not regulate some forms of buy to let mortgages

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