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...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes