Berkeley Alexander has launched Freesafe, an ASU policy offering a range of free cover incentives to policyholders and brokers. It is available irrespective of occupation or employment status which includes self-employed and contract workers. Consumers receive back-to-day-one cover, six months’ free cover, benefits payable for one or two years and portability between lenders. Brokers receive 25% commission, payable immediately on completion of the policy and for full term including the free period.
Ted York, managing partner, said: ‘This is a win-win situation for both customer and broker and fulfils the Government’s manifesto commitment for improving sustainability of home ownership through better mortgage protection.’