MPPI survey

Mortgage payment protection insurance (MPPI) has, since the turn of the millennium, enjoyed impressive growth. Seen as a low-cost product, easily purchased by simply ticking a box, MPPI was made readily available to the flood of first-time buyers entering the booming housing market – a winning formula that saw this market going from strength to strength. However, this trend came to an abrupt end in 2004. Sales suddenly slumped from 926,100 to 731,700, with 23% of all mortgages in the UK being covered by MPPI down from 24% in the previous year, according to recent figures from the Council ...