Mortgage insurance beefs up intermediaries' income

Professional Adviser
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New figures from the Council of Mortgage lenders shows that an increasing amount of business is going...

New figures from the Council of Mortgage lenders shows that an increasing amount of business is going the way of intermediaries acting on behalf of clients looking for mortgage payment protection insurance. Most owners of property who buy these sorts of policies still do so through their primary lender, but an increasing number, now 24%, of policies are sold through intermediaries the CML says. Some 32% of new mortgages taken out during the first half of 2001 also came with protection, and some 2 million policies are now in force around the country. The CML also believes these...

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