View more on these topics

HSBC offers free unemployment cover for new mortgage customers

As part of HSBC’s Split Loan Mortgage campaign it is offering free unemployment cover1 for all new mortgage customers, if at least one other LifeChoices2 cover type is taken out.  

David Wells, head of insurance at HSBC, says: “The weakness of economic recovery means a number of people will be feeling uncertain about the security of their jobs and whether they will be able to keep up their mortgage repayments in future.  To ease these concerns HSBC is offering free unemployment cover to mortgage customers for a limited period.”

HSBC is also offering new mortgage customers 12 months for the price of nine on new home insurance policies taken with new mortgages.

Recommended

ERIC DANIELS: ON COURSE FOR SUCCESS

Lloyds group back in the black as impairments fall

Lloyds Banking Group returned to profit in the first three months of the year, recovering from the £6.3bn loss it made in 2009. The group, which is 43% owned by taxpayers, says it has returned to profit thanks to a slowdown in its level of bad debts. Lloyds group says it has seen lower impairments […]

Santander reports £426m profit in Q1

Santander UK has reported a pre-tax profit of £426m for the first three months of the year – a rise of 15% compared with the same period last year. The Spanish bank, which owns Alliance & Leicester and Abbey for Intermediaries in the UK, made a group profit of £2.2bn (£1.9bn), up 6% from Q1 […]

Santander should scrutinise its own staff and practices

I am experiencing an appalling situation with a hypocritical approach to underwriting being displayed by Santander. I have clients who are purchasing a property that will become their home upon completion. The property is being let to tenants but will offer full vacant possession upon completion. As the property is tenanted the Santander underwriters have […]

SPOTLIGHT.gif

Media Spotlight: Third Leaders’ Debate – BBC 1

In the run-up to the final television debate between the three main party leaders last Thursday Prime Minister Gordon Brown could hardly have had a worse preparation. The day before the debate his uncomfortable encounter on the street with disillusioned Labour voter, 65 year old grandmother Gillian Duffy in Rochdale, quickly descended from bad to […]

Newsletter

News and expert analysis straight to your inbox

Sign up
Comments
  • Post a comment
  • Mr Dodds 5th May 2010 at 11:05 am

    I’ve just taken out a further advance on my HSBC mortgage, and the free unemployment cover provided is for the total amount of borrowing I have with them. I compared the cost of life cover and unemployment cover elsewhere and the HSBC offer beat it hands down! I think it’s a great idea considering how unstable the jobs market is!

  • Dan McGeehan 4th May 2010 at 3:03 pm

    Something is not free if you have to take something else out and pay for that. Most lenders cover is more expensive so I can see more customers being sold policies they may not need or want all because they are getting umemployment cover free.