Underwriting agency Goodfellows is launching a mortgage payment protection insurance policy with cla...
Underwriting agency Goodfellows is launching a mortgage payment protection insurance policy with claims payable for up to three or five years.
The product, Maximum Security, is underwritten at Lloyd's and is available to new mortgage borrowers aged between 18-65 who have worked for a minimum of 16 hours per week over the last six months. Full cover is available for applicants who are self-employed, shareholding directors, business proprietors or contract workers.
The product offers waiver of premium during a claim as well as the option for additional income protection of up to £250 a month. It also provides unemployment and disability cover, paying a monthly benefit. It can be transferred if the policyholder changes lenders.
Contact: 020 7264 2012.
‘Important to have an anchor’
Report to be written by TPR
Lack of innovation for solutions
Some 2,000 consumers affected