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Nationwide increases premiums on MPPI

Nationwide has today increased the premiums on its Mortgage Payment Protection Insurance.

For 12 months cover, accident, sickness and unemployment has increased from 5.39, to 5.89, accident and sickness has increased from 2.79 to 3.29, and unemployment has increased from 3.66 to 4.19 per 100 insured.

For 24 months cover, accident sickness and unemployment has increased from 6.47 to 6.99, accident and sickness has increased from 3.57 to 4.09, and unemployment has increased from 4.54 to 4.99 per 100 insured.


A&L’s products are fine but its after-service is appalling

From Philip Smith As a mortgage broker I rely on good service, much as my clients do, and if I fail in that regard I can hardly expect to hear from them again. And regarding service, I’ve read many anti-Alliance & Leicester letters in Mortgage Strategy and recently placed my first mortgage with it for […]

Phone group poised to enter industry

The Caudwell Group, owner of phone retailer Phones 4 U, is gearing up to launch into the mortgage market. The group has appointed a group director of mortgages who will soon start work on developing existing lifestyle products. David Ginivan, spokesman for the Caudwell Group, says: “Nothing has been decided yet. We do have a […]

Mortgage Intelligence secures buy-to-let exclusive

Mortgage Intelligence has secured a buy-to-let exclusive with 4.5% fixed rate for three years and no arrangement fee.At the end of three years, the rate reverts to the Bank of England base rate plus 1.5% for a further two years. At the end of the fix there is a two year redemption with a discount, […]

Sir Stern to review the economics of climate change

The Chancellor announced on July 19 2005 that he had asked Sir Nicholas Stern to lead a major review of the economics of climate change, to understand more comprehensively the nature of the economic challenges and how they can be met, in the UK and globally.The Terms of Reference for the review have now been […]

income protection claimants

Generation Rent

By Denise Wond, Marketing Relationship Manager, Royal London We’ve heard a great deal about Generation Rent in recent years but what does it actually mean for consumers and advisers and has the face of the typical renter changed? The picture is certainly more diverse than it used to be Homeownership has fallen to 64 per […]


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