Mortgage Decreasing Term Assurance.

Mortgage Decreasing Term Assurance is designed to help protect a repayment mortgage, so the amount of cover reduces roughly in line with your remaining mortgage. 

Mortgage Decreasing Term Assurance at a glance:

• Pays out a cash sum if you die during the policy term.
• Premiums start from just £6 a month.
• Includes SmoothMove and Free Life Cover both at no additional cost.

Important things you need to know:

• This is not a savings or investment product and has no cash value unless a valid claim is made.
• You may want to check that the policy term is long enough to cover the duration of your mortgage term, otherwise you may not be fully protected.
• If you choose decreasing cover there are some circumstances when the cash sum we pay out might not be enough to pay off your mortgage in full. For example if your mortgage interest rate averages over 10% during the policy term or if you change your mortgage.
• Please read our Key Features Document PDF before you apply.