Mortgage intermediaries widely support the "de-bundling" of accident, sickness and unemployment PPI, but some industry figures argue consumers will not necessarily benefit from such a change.
According to the Association of Mortgage Intermediaries’ (Ami) March Mortgage Intermediary Census on Payment Protection Insurance (PPI), 93% of respondents support “de-bundling”, allowing each benefit to be bought separately as appropriate to the customer’s sick pay or other relevant circumstances. A further 92% of respondents support “de-linking”, which Ami says would enable customers to be clear they are free to choose a PPI provider that is separate from the lender and would mean PPI would not be compulsory with any mortgage scheme, allowing advisers to compare the terms available fro...
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