Broker cross-selling up as crunch sets in

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Mortgage brokers are successfully cross-selling as they search for fresh income streams in the credit crunch, research suggests.

According to the latest protection survey from Paradigm Mortgage Services, 96% of its members write term assurance business and 94% transact critical illness cover, while only 4% do not write any protection business at all. The findings contrast research from Zurich which suggested individuals without cover consider it too expensive. "At a time when all intermediary firms should be actively engaged in cross-sale activity, it is particularly pleasing to see a high percentage of member firms writing protection business," John Coffield, head of Paradigm Mortgage Services, says. "As an ab...

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