What are the policy benefits?
The policy that is available via this site is called mortgageSAFETYNET and is arranged by the Goodfellows Group. MortgageSAFETYNET can help you protect your monthly mortgage payment (known as monthly benefit) if you lose your job due to unemployment or you are unable to work due to a disability (accident or sickness).

• This policy will help you to protect your mortgage payments and insurance premiums for up to 12 months if you become unemployed or suffer a disability (accident or sickness).
• If you are taking out the policy to protect a new mortgage or re-mortgage you will receive the first three months cover completely FREE OF CHARGE.
• If you are taking out the policy to protect an existing mortgage, then subject to the unemployment exclusion detailed below, you will receive the first three months cover completely FREE OF CHARGE.

Unemployment Exclusion – if you are taking out the policy to protect an existing mortgage, you will not be covered against any unemployment, which occurs during the free cover period. This exclusion will not apply if you transfer your cover from another insurer; provided your existing policy has been in force for at least six months and you have not made a claim under that policy.

• MortgageSAFETYNET provides full unemployment and disability cover. Unemployment only cover or disability only cover is available at a reduced cost.
• Competitive premium rates after the free cover period.
• Back-to-Day-One benefits payable after 30 days.
• Claim benefits are paid for up to 12 months.
• This product covers employed and self-employed applicants.
• Simple application procedure (no medical required).
• Cover can be transferred from one lender to another.

Important note – the maximum amount of monthly cover you can take out under the policy (including the 25% additional benefit) is either £1,500, or a sum equal to 65% of your normal income, whichever is the lower (the definition of normal income is provided in section 1 of the policy terms and conditions).