Friends Provident and Legal & General have signed distribution deals to give Bankhall's 20,000 RIs access to it mortgage-related protection business.
These are significant distribution deals for Friends Provident and L&G as Bankhall Mortgages – the non-regulated arm of Bankhall - intends to have just four providers on the product panel for term assurance, critical illness and waiver of premium.
Both firms will offer electronic quotes, online applications for new business service as well as automated underwriting.
Bankhall only recently acquired the bulk of its RIs when it purchased Premier Mortgage Services from Prudential and the Norwich Union Mortgage Club.IFAonline
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