Kensington Mortgages has launched a Flexible Mortgage with the option of subscribing to a new insurance product that is specifically tailored to meet the needs of the self-employed.
Borrowers can pay off their mortgage early, make regular or lump sum overpayments and borrow back any overpaid funds at any time. The new insurance option can be tailored to meet the needs of the self-employed and includes the following key features.
The insurance option includes accident, sickness and unemployment insurance if the policholder has no business or work orders for 60 consecutive days. All back disorders are covered with evidence from a qualified consultant provided the customer is not suffering from pre-existing conditions at the start date of the policy. Cover is provided for pre-existing conditions if the policyholder clear for at least two years.