View more on these topics launches low-cost loan protection has launched low-cost loan protection insurance that cost under a fifth of the average price charged by the top 10 lenders.

As well as the low cost benefits include tax-free benefits being payable from day one rather than being subject to the usual 60-day excess period.

It is a monthly contract that can be cancelled by the consumer at any time, whereas loan protection often requires a single premium which is front loaded and non-cancellable.

Also, it is not necessary for customers to have full cover and can opt for unemployment and incapacity cover in isolation at reduced cost.

Simon Burgess, managing director of britishinsurance, says: Protecting a 7,500 loan over five years with britishinsurance rather than via the most expensive lender creates a saving of well over 3,000. Even in comparison to the cheapest lender it creates a saving of over 1,000. The banks have been profiteering at the expense of consumers for far too long.

Dont forget also that we are not just concerned with a price issue. Being able to purchase the incapacity and unemployment components separately greatly helps the self-employed, for whom unemployment cover on payment protection insurance is highly restrictive. It is also invaluable for those with pre-existing medical conditions which are excluded from incapacity cover industry-wide.


Weighing up the equity release options

With the product advances that we have seen in the home reversion market, many wonder when a reversion will be more suitable than a lifetime mortgage.

Amber sells 18m portfolio to GMAC-RFC

Amber Homeloans has announced the sale of a further 18m portfolio of sub-prime mortgage assets to GMAC-RFC. This is the fourth whole loan transaction completed this year between the two organisations.Mark Smitheringale, associate director of asset trading at Amber, says: This transaction represents the second portfolio sale to GMAC during 2005, whilst Amber has also […]

Ipswich launches B2L discount mortgage

Ipswich has launched a discount buy-to-let mortgage with no early repayment charge to coincide with the introduction of its online case tracking service for intermediaries on December 12. The product, which is discounted by 1.5% until February 29 2008 and has an initial rate of 4.90%, allows landlords to move to any other product during […]

Dear Delia

I am advising a married couple, Dave and Linda, who are buy-to-Iet investors with three properties. They now want to expand their portfolio. They have worked on their finances, paying attention to the value of their existing investments and have established they are in a position to access equity from their existing properties. They now want to know what options are available to them to allow them to expand their portfolio.

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Healthcare predictions for 2015 from Jelf Employee Benefits

The continuing fall-out from the Competition and Markets Authority’s (CMA’s) review, the rise of the private GP and digital engagement will be the primary focuses in the private healthcare industry during 2015, according to Iain Laws, managing director, healthcare and group risk, at Jelf Employee Benefits.


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