Mortgages:

  

Repayment protection


It makes good sense to make sure that your mortgage is going to get paid whatever life throws at you.

Our Mortgage Repayment Protector means that if you can't work because of accident, sickness or involuntary unemployment, your mortgage payments may still be met. It also provides accidental death cover.

What does it cover?

For a single policy:
  • If you're off work due to incapacity caused by accidental bodily injury or illness for more than 14 consecutive days we will pay the mortgage payment for every month you’re off work, or part of your payment for every day you’re off, for up to 12 months.
  • If you're involuntarily unemployed for more than 14 consecutive days, we'll pay the mortgage payment for every month you’re off work, or part of your payment for every day you’re off, for up to 12 months.
  • In the event of an accidental death, we will pay a sum equal to £20,000.

For joint policies we'll cover a proportion of the monthly mortgage payment per person and the accidental death cover will apply to the first death only.

As with all insurance policies, there are some exclusions. See the policy summary and policy document below for details.

Am I eligible?

To qualify for cover on the start date of the policy you must:
  • Have a Direct Line mortgage that is not in arrears; and
  • Be aged 18 or over and under 65; and
  • Be living and working permanently in the United Kingdom, Channel Islands or Isle of Man; and
  • Be in paid employment (either on an employed or self-employed basis) for at least 16 hours per week, or where applicable are on statutory maternity or paternity leave.

If you are employed on a fixed term contract then you are still eligible for cover, however exclusions may apply-see policy document for details.

If you are working but are absent from work at the start date of the ploicy due to an accident or illness, accident and sickness cover will not start until you have returned to work for a continuous period of at least one calendar month.

How much does it cost?


Just £5.45 per month for every £100 of cover you take. For example, if you choose cover of £500 simply multiply £5.45 by 5 to calculate your monthly premium.

Our repayment protector gives you added peace of mind today from the troubles of tomorrow. If you’d like to apply, just let us know when we call you to go through your mortgage application.

Important information

Mortgage Repayment Protector is underwritten by UK Insurance Limited and arranged through The Royal Bank of Scotland plc, trading as Direct Line. Both companies are authorised and regulated by the Financial Services Authority. Calls may be recorded.

Please refer to the policy document for full terms and conditions:

Sample Policy Document (PDF) opens in a new browserPolicy Document

 (viewable PDF, file size 96k)
Policy summary (PDF) opens in a new browserPolicy summary  (viewable PDF, file size 59k)

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Cooling-off period

To provide you with more time to make a decision about whether to keep this insurance, the standard cancellation period set by the Financial Services Authority is 30 days from the policy start date.