Payment Protection Insurance
We believe that our payment protection proposition is the simply the best in the intermediary market place.
- Only 23% of mortgages are covered by MPPI. The Government wishes to significantly increase this, supporting MPPI as essential for consumers to promote sustainable home ownership.
- Claims of £300 million are being paid every year to borrowers in financial difficulty, with over 85% of claims being paid: source CML.
- FSA Report 2006 – "we are seeing signs of growing distress amongst consumers, more late payments of credit cards and a rise in mortgage repossessions".
Ensure your client's Mortgage/Loan repayments and other household bills get paid even when they don’t !