Mortgage Protect

Help protect your mortgage payments if illness or injury stops you working.

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What is Mortgage Protect?

Mortgage Protect provides short-term financial support if illness or injury stops you from working.

Following your chosen waiting period, it can pay a monthly amount to help cover your mortgage payment. You can also add up to 20% extra cover to help with other essential household costs.

There are no health or lifestyle questions when you apply, making it quick and straightforward to arrange alongside an active mortgage or remortgage application.

How Mortgage Protect can help

Mortgage Protect can provide:

  • A monthly benefit to help cover your mortgage payment if illness or injury prevents you from working

  • The option to add up to 20% extra cover for other essential household costs

  • A choice of how soon your benefit can start

  • A death benefit of £2,500 after 2 years

  • Optional fracture cover, Friendly GP+ and Friendly Dentist

Key features of Mortgage Protect

  • Monthly mortgage benefit from £250 to £2,500

  • Optional additional income benefit of up to 20% of the mortgage

  • Maximum total monthly benefit of £3,000

  • Cover for illness and injury

  • No medical underwriting

  • Choice of 30, 60, 90 or 180-day deferred period

  • Choice of 3, 6 or 12-month claim period

  • Death benefit of £2,500 after 2 years

  • Rehabilitation benefit of up to £1,000 for each period off work

  • Cover continues until age 68

Cover at a glance

Benefit

Amount

Mortgage benefit

£250 to £2,500 per month

Additional income benefit

Up to 20% of the mortgage

Maximum total monthly benefit

£3,000

Death benefit

£2,500

Rehabilitation benefit

Up to £1,000 for each period off work to use private treatments to get back to work

Is Mortgage Protect right for you?

Mortgage Protect may be suitable if you:

  • Are making an active mortgage or remortgage application; or

  • Are named on a mortgage agreement which started within the last 6 months

  • Want short-term cover linked to your monthly mortgage payment

  • Want financial support if illness or injury prevents you from working

  • Would like the option to cover some of your other essential household costs

  • Want a straightforward application without medical underwriting

Your questions answered

No. There are no health or lifestyle questions when you apply, and Mortgage Protect does not require upfront medical underwriting.

However, medical conditions that existed before your policy started may not be covered. The income benefit is subject to an 18-month moratorium for pre-existing medical conditions.

Please read the policy documentation for the full definition and conditions.

You can select a deferred period of 30, 60, 90 or 180 days.

If illness or injury prevents you from carrying out your own occupation, you must remain eligible throughout your selected deferred period. Payments can then begin if we accept your claim.

You can choose a claim period of 3, 6 or 12 months.

Your payments may end sooner if you no longer meet the policy’s claim requirements.

Your cover can continue until age 68 if your mortgage ends before then.

The cover we offer will be assessed against your earnings and will not be higher than either 70% of earnings or your previous mortgage benefit. The maximum available benefit will also be limited to 70% of your earnings at the point of claim, less any regular income you receive during your claim as per the policy conditions.

You may be able to increase your mortgage benefit during an active remortgage application without further medical underwriting.

Any increase is subject to the policy terms and product limits, including the maximum mortgage benefit of £2,500 per month and maximum total monthly benefit of £3,000.

Your premiums will not automatically increase each year because of your age.

However, premiums are reviewable every three years. This means the amount you pay could change following a review.

We will tell you about any change in accordance with the policy conditions.

No. Mortgage Protect provides income benefit if illness or injury prevents you from carrying out your own occupation. It does not cover unemployment or redundancy.

  • Only available when you're making an active mortgage or remortgage application, or named on a mortgage agreement which started within the last 6 months
  • You must be living in or about to live in the property and paying the mortgage.
  • We will validate your mortgage payment when you claim.
  • Income benefit covers illness and injury; it does not cover unemployment or redundancy.
  • If you are no longer named on a mortgage when you claim, and you have continued cover based on your earnings, your benefit will be limited to a maximum of 70% of your earnings at the point of claim, less any income taken into account under the policy conditions.
  • Medical conditions which existed in the 18 months before the policy started won’t be covered until you’ve gone 18 months without symptoms or treatment of those conditions.
  • Income-benefit payments can continue for no longer than your selected claim period.
  • Premiums are reviewable every three years and may change.
  • Optional services are non-contractual and may be changed or withdrawn.
  • Full terms, conditions, exclusions and limitations are set out in the policy documentation.
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