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Most of these policies are set up at the point of mortgage sale. Just look at the price comparison table below which shows the difference in price between this policy and some of the major players:

Monthly mortgage Hitachi Capital  Abbey

 

Halifax

 

Nationwide

 

RBS
£350 £9.63 £21.14 £15.75 £20.62 £19.08
£500 £13.75 £30.20 £22.50 £29.45 £27.25
£750 £20.63 £45.30 £33.75 £44.18 £40.88
£1000 £27.50 £60.40 £45.00 £58.90 £54.50
Excess period in days* 0 28 30 30 0
* The period for which no benefit is receivable All cover shown is for 12 months and monthly premiums
Competitor details are correct as at 7th February 2008 and are based on a 35 year old person. All rates are subject to change. Please check current rates when you apply. Source for competitors rates are from Aequos database 7/2/08. Defaqto Ltd. 1994-2006.

 

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