Mortgage repayment protection - Overview
Designed to support you in certain cases where you cannot meet your monthly mortgage repayment.
- 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.
If you are considering this cover, it is important to read the policy documentation to ensure the policy is right for you.
First time buyer/Momentum mortgage customers - avail of the first three months of Mortgage Repayment Protector cover free.