Santander Additions MPPI

In an uncertain housing market and times of economic uncertainty, the value of Mortgage Payment Protection Insurance (MPPI) is clear. To help you and your customers, we can offer an innovative product that is cost-effective without compromising on cover.

Features:

  • Prices are based on age which means your clients pay according to individual risk so they are not subsidising other age categories
  • Choice of Back to Day One cover or 30-day excess
  • Includes cover for stress and back-related problems (subject to standard medical evidence)
  • Choose level of benefit up to maximum of 150% of mortgage costs or £1,650, whichever is the lower and with a maximum limit of 60% of income 
  • Back to Work support services

Eligibility criteria
Customers must:

  • Live in the UK
  • Be aged at least 18 and under 65
  • Be in paid work at least 16 hours per week and been so for at least 6 months
  • Be about to pay a mortgage
  • Be up to date with their mortgage repayments if they have an existing mortgage

Cover is subject to terms, conditions, restrictions and exclusions.

Want to find out more about our Santander Additions Mortgage Payment Protection Insurance? You can refer to the policy document for more information, or download the Santander Additions sales aids and customer guides.

 

Register for Additions