Protection & Life Insurance

Whether you’re securing a new mortgage, starting a family or simply reviewing your current arrangements, we’ll guide you through the options and help you choose cover that provides real peace of mind.

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First Time Buyer Mortgages

First-Time Buyer Mortgages

Helping You Take Your First Step onto the Property Ladder

Buying your first home is an exciting milestone — but understanding deposits, affordability, credit checks, and the full mortgage process can feel overwhelming. At NexGen Finance, we make the journey clear, structured, and stress-free, supporting first-time buyers right from the initial enquiry through to getting the keys.

We help you understand how much you can borrow, compare suitable mortgage options, prepare your documents, and move through the process with confidence.

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Why Protection Matters

Ensures your mortgage is covered if the unexpected happens
Protects your family financially
Provides stability if your income changes
Helps maintain your lifestyle during difficult periods
Covers illness, injury, loss of income or long-term conditions

Types of Protection We Can Help With

Life Insurance - Pays a lump sum to your family if you pass away, helping protect your home and provide financial security.
Critical Illness Cover - Provides a tax-free lump sum if you're diagnosed with a serious illness, giving you financial support when you need it most.
Income Protection - eplaces part of your income if you’re unable to work due to illness or injury, helping you cover essential bills and commitments.
Family Protection - Cover designed to support your dependants with ongoing financial stability.
Mortgage Protection - A type of life cover that helps ensure your mortgage is repaid if something happens to you.

How We Help

Review your current cover and identify gaps
Explain each type of protection in clear, simple terms
Compare options across major providers
Help you put your protection plan in place quickly
Ensure your cover matches your lifestyle, commitments and long-term goals

Local Notes

Woking’s commuter economy supports diverse uses; lenders scrutinise lease terms on investment stock and cost efficiency on owner-occupied acquisitions. Clear evidence of demand and achievable rents strengthens valuation cases.

FAQs About Protection & Life Insurance

1.Can I refinance to release capital?

Often yes, subject to DSCR, valuation and use of funds.

2.Are fixed and variable rates available?

Yes — terms vary by lender, sector and risk profile.

3.Will personal guarantees be required?

Common for SME borrowing; extent depends on leverage and covenant strength.

4. Can a start-up obtain finance?

Possible with strong plans, assets and/or additional security — pricing may be higher.

Our Customers Love Us

Juan-Ricardo

As someone self-employed with slightly ‘sticky’ credit, most banks turned me away. This team was a godsend; they persevered and got my mortgage sorted, even saving me some of my deposit money.

Pulizia London

Thank you for your assistance, advice, and perseverance in getting my mortgage sorted. You guys made it happen when others wouldn’t. See you in two years for the remortgage!

Sean King

Securing a buy-to-let mortgage was a breeze with their help. They walked me through the process, found me a great rate, and ensured everything went smoothly. Outstanding expertise.

Jenson West

The Nexgen team took the time to explain everything, found the right lender for my budget, and guided me through the paperwork. A very stress-free experience for a first-time buyer.

Cath Jones

Excellent experience financing a buy-to-let auction property. The NexGen Finance team was excellent to deal with and guided us through the process with no stress whatsoever.

Joanna Morley

Over the moon! Thank you for the excellent service, advice, and support. You are very approachable and it was a pleasure having NexGen Finance as my broker.

Sammy Alim

Experts in what they do. Explained all options to purchase an uninhabitable property and get development funding. Jahed explained the bridging loan and exit strategy perfectly.

Muhammad Ashiq

I am extremely pleased with the mortgage service provided. The level of professionalism was top class and the entire process was handled perfectly. Highly recommend.

When Should You Review Your Protection?

When taking out a new mortgage

1 When starting a family

2 After a change in income or job

3 When buying a new property

4 If your current cover no longer fits your needs

5

The Protection Process

1. Understanding Your Needs

We discuss your financial responsibilities, lifestyle and goals.

2. Exploring Options

We explain the different types of cover and how each one works.

3. Setting Up Your Policy

Once you choose the right cover, we help you put everything in place smoothly.

4. Ongoing Support

We’re here if your circumstances change and you need to review or adjust your cover.

We Search 1000s of Protection & Life Insurance Mortgages in Uk

10 Step Guide for Protection & Life Insurance in Uk

1. Master Your Budget

Before looking at houses, look at your bank account. You’ll typically need a 5% to 10% deposit. Beyond the deposit, remember to budget for “hidden” costs like solicitor fees, surveys, and moving costs.

2. Check Your Credit Health

Lenders want to see that you’re a reliable borrower. Use apps like Experian or Equifax to check your score. Pro tip: Ensure you are on the electoral roll and avoid taking out new credit cards or loans 6 months before your application.

3. Get an Agreement in Principle (AIP)

This is your “golden ticket.” An AIP from NexGen Finance tells estate agents and sellers that a lender has pre-approved you for a certain amount. It makes your offers much more serious.

4. Explore Government Schemes

Don’t miss out on help! We can guide you through the Lifetime ISA (LISA) bonus, Shared Ownership, or the First Homes scheme to see if you can get on the ladder sooner with a smaller deposit.

5. The Property Search

Now for the fun part! Once you know your budget, start viewing properties. Look beyond the décor—check for signs of damp, the age of the boiler, and the “vibe” of the local neighbourhood at different times of the day.

6. Make an Offer

Found “the one”? It’s time to negotiate. We suggest starting slightly below the asking price. Mention that you are a Protection & Life Insurance with no chain and an AIP—this makes you a very attractive buyer.

7. Instruct a Solicitor

You’ll need a legal expert (a conveyancer) to handle the paperwork, local searches, and the transfer of funds. We can recommend trusted professionals to ensure your legal journey is as smooth as your mortgage one.

8. Formally Apply for Your Mortgage

Once your offer is accepted, NexGen Finance will submit your full application. The lender will then perform a valuation to ensure the property is worth the price you’re paying.

9. Survey and Searches

While the lender checks the value, you should check the condition. A HomeBuyer Report or Building Survey will flag any structural issues. Your solicitor will simultaneously run searches to check for things like local planning permissions.

10. Exchange and Complete

Once the legal work is done and your mortgage offer is formalised, you’ll Exchange Contracts. At this point, the deal is legally binding. Shortly after comes Completion Day—the keys are yours!

Our Mortgage Guides

First Time Buyer Guides

Remortgage Guides

Bad Credit & Specialist Finance

Buy-To-Let Guides

Business Finance Guides

Moving Home Guides

Age 50+ Guides

Protection Services

Protection & Life Insurance

Protecting your home, income and family is just as important as securing the right mortgage. At NexGen Finance, we help you understand the protection options available and ensure you have the right cover in place for your situation. Whether you’re securing a new mortgage, starting a family or simply reviewing your current arrangements, we’ll guide you through the options and help you choose cover that provides real peace of mind.

Why Protection Matters

✔ Ensures your mortgage is covered if the unexpected happens
✔ Protects your family financially
✔ Provides stability if your income changes
✔ Helps maintain your lifestyle during difficult periods
✔ Covers illness, injury, loss of income or long-term conditions

Types of Protection We Can Help With

Life Insurance

Pays a lump sum to your family if you pass away, helping protect your home and provide financial security.

Critical Illness Cover

Provides a tax-free lump sum if you’re diagnosed with a serious illness, giving you financial support when you need it most.

Income Protection

Replaces part of your income if you’re unable to work due to illness or injury, helping you cover essential bills and commitments.

Family Protection

Cover designed to support your dependants with ongoing financial stability.

Mortgage Protection

A type of life cover that helps ensure your mortgage is repaid if something happens to you.

How We Help

📋 Review your current cover and identify gaps
📊 Explain each type of protection in clear, simple terms
🏦 Compare options across major providers
🧾 Help you put your protection plan in place quickly
🛡 Ensure your cover matches your lifestyle, commitments and long-term goals

When Should You Review Your Protection?

✔ When taking out a new mortgage
✔ When starting a family
✔ After a change in income or job
✔ When buying a new property
✔ If your current cover no longer fits your needs

The Protection Process

1. Understanding Your Needs

We discuss your financial responsibilities, lifestyle and goals.

2. Exploring Options

We explain the different types of cover and how each one works.

3. Setting Up Your Policy

Once you choose the right cover, we help you put everything in place smoothly.

4. Ongoing Support

We’re here if your circumstances change and you need to review or adjust your cover.

Get Started

If you’re looking to protect your home, income or family, NexGen Finance can help you choose the right protection plan with confidence and clarity. Contact us today to discuss your protection and insurance options.

🧮 Mortgage Calculator for Buyers and Homeowners

Using a mortgage calculator is a smart way to understand your potential monthly payments before making any big decisions. Whether you’re buying your first home or looking to remortgage, it’s a quick and simple way to plan ahead.

Our calculator is designed to give you a clear idea of what your repayments could look like based on your loan amount, term, and interest rate — helping you make informed choices early on.

Ready to get started?
Visit our Mortgage Calculator page now and take the first step in your home buying or remortgaging journey.

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