Nationwide Building Society is offering three months' free mortgage payment protection insurance (MPPI) premiums.
This offer is available to all new customers taking a Nationwide mortgage, as well as existing customers who are moving house .
"MPPI provides borrowers with peace of mind that their mortgage payments will be covered in the unfortunate event of an accident, illness or redundancy," explained Nationwide's executive director, Stuart Bernau.
He said in recent weeks, high profile job losses act as a reminder of the uncertainty of the future and how important MPPI can be.
The MPPI offered by Nationwide provides customers with cover on monthly mortgage repayments for a period of two years, and can take out protection for against unemployment and accident and sickness, either separately or combined.
Customers are not obligated to continue the cover after the first three months.
