Standard Life is offering mortgage outlay cover for borrowers to insure against income loss through disability or unemployment.
It offers disability and unemployment benefit cover or a disability-only option.
Benefits can be altered in line with changes to the level of the mortgage without additional health-related questions.
Cover can be increased to up to 140 per cent of the mortgage value for additional mortgage-related expenses such as buildings insurance.
Premiums start at £5 a month or £50 a year.
Marketing development manager Gerry Warner says: “Many people can no longer rely on the state to provide them with enough money to meet their mortgage payments in the event of disability or unemployment.
“We also recognise there is reluctance among people to protect themselves against loss of income. For a relatively small cost, this provides peace of mind for the duration of the mortgage with the flexibility to meet changes in circumstances.”