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Satellite TV and broadband provider Sky is giving consumers the opportunity to live rent or mortgage-free for a year.

The firm is running a competition for households signing up for a Sky TV, home phone and broadband package over the next month.

Consumers signing up by April 4th 2012 will have the chance to win £25,000 towards their rent or mortgage for a year.

The first prize winner and two runners-up also qualify for a Sky World HD package - worth £63.25 per month - for 12 months.

This allows them to make significant savings on communication and entertainment services for a year.

Sky World HD features the Entertainment Extra Pack, Sky Sports Pack, Sky Movies Pack and HD Pack.

New customers are eligible for the competition when they sign up for any Sky triple-play bundle including Sky TV, broadband and Talk.

Existing Sky customers can also enter the draw, but they must take Sky Broadband and Talk plus line rental or Sky TV for the first time.

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