Abbey backs use of IFAs with special terms on MPPI

Abbey National is offering special terms on its Mortgage Payment Protection Insurance which could give consumers three months free and a waiver on its 60-day qualifying period, to anyone who buys through an IFA. Anyone who takes out an Abbey National mortgage through an intermediary between May and July 31st - or already owns one - will also be able to receive instant involuntary unemployment protection if they buy Abbey's Paymentcare MPPI policy, as well as see it come into effect as soon as contracts are exchanged or conclusion of missives is seen. To qualify, they have to buy t...