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Hitachi launches direct-to-consumer website

Hitachi Capital has launched a website that enables brokers to sell mortgage payment protection insurance direct-to-consumers.

Richard Amphlett, head of business development at Hitachi Capital, says: “The mortgage payment protection insurance market, especially for those products sold by lenders, is still having a rough time”

“With the ongoing investigations that payment protection has been getting, it is important that consumers are given major levels of comfort when looking to purchase payment protection insurance.

“Despite the brush that has tarred MPPI (in many cases unfairly) there is still huge demand out there for a product that provides fair and good value cover, particularly as economic uncertainty looms.”

“Many more MPPI purchases are taking place on the internet, particularly now that consumers’ trust in lenders own products is at an all time low.

“Customers of today want value for money and the ability to browse through the options. The internet is the ideal way to do that.”

“Indemnity commission is also available and our promise is to pay commission for the policy’s lifetime.

“In addition, our partners will choose the level of commission that they take, allowing them to control the pricing of the products and test market response with different offers.”


Abacus Permanent appoints new head of sales

Abacus Permanent has appointed Gavin Treacy as its new head of sales.Treacy brings with him a wealth and depth of experience gained from 15 years in the mortgage industry working in areas including compliance, lending, distribution and also as a successful broker.His many area of responsibility will be continuing to expand and develop Abacus Permanent […]

Act smooths path to equity release

Arranging equity release on leasehold properties is an issue I’ve written about before, but such is its continuing relevance that it’s worth revisiting.

Swift launches summer bonus

Swift Advances has launched a summer bonus for intermediaries with an additional 1% being paid on completed unregulated secured loan cases until the end of July. The additional 1% commission is payable on all non Consumer Credit Act second charges signed up and completed by July 31. All intermediaries need to do is send their […]

Kirwan scores head of protection job at the ABI

Mortgage Strategy columnist Nick Kirwan is to take over from Richard Walsh as head of health and protection insurance at the Association of British Insurers.Walsh will be leaving the role at the end of June. Kirwan, who is currently chairman of the ABI’s protection committee, will take over the position on a six month consultancy […]

Sierra Leone cover image - thumbnail

White paper — Sierra Leone International Insights

Jelf Employee Benefits assesses the areas that employers should be aware of when considering operating in Sierra Leone, including healthcare access, delivery and insurance provisions. This report draws on various sources to highlight specific considerations for this emerging jewel in West Africa.


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