Mortgage repayment protection - Overview
- Help with your mortgage payments - if you cannot work in the event of an accident, sickness or involuntary redundancy this policy could cover both your monthly mortgage and your mortgage related costs.
- Who can apply? - All new and existing Ulster Bank mortgage holders residing in the United Kingdom, aged between 18 and 64 and in permanent employment, including self-employment for at least 16 hours per week.
- What does it cost? - The cost of the insurance is £5.12 (including insurance premium tax) per £100 of monthly benefit selected by you. You have the option of choosing repayment benefit for less or more than your current monthly mortgage repayments (up to a maximum of £2,000) and 125% of your current mortgage repayment.
- No medical examination required.
Optional Mortgage Repayment Protector insurance. It is your responsibility to decide if the policy meets your needs. Please check the Policy Summary to check that you are eligible to claim. Full details of benefits and exclusions are outlined in the policy booklet which is available on request.
First time buyer/Momentum mortgage customers - avail of the first three months of Mortgage Repayment Protector cover free. Optional Mortgage Repayment Protector insurance. Minimum premium and qualifying criteria apply. Not available in conjunction with any other offer.