Regulation provides 'major barrier' to insurance sales - BSA

It noted that a joined up approach to the way insurance products work could benefit both mortgage borrowers and provide greater financial security to lenders. Speaking at the Protect trade body meeting, Paul Broadhead, head of policy at the BSA, revealed concern's about restrictions currently constraining mutual lenders. "From speaking to our members about feedback they are getting from consumers, we think regulatory intervention has provided a major barrier to the take up of insurance," he said. "We want to make sure insurance works for lenders and consumers. Lenders should be abl...