View more on these topics

Optoma launches insurance product

Optoma Broker Solutions has launched an accident, sickness and unemployment insurance product for mortgages and secured loans.

The product is available through a web platform on the Optoma website optomaonline.co.uk.

Specific terms of the cover include cover for new and existing mortgages or secured loans on exactly the same terms and conditions, back to day one cover on each option, minimal exclusions and no underwriting on application.

Optoma Protect’s cover also includes no exclusion for dismissal, no exclusion for backache and no requirement for six months employment prior to application or claim.

Andrew Crosher from Optoma Protect, says: “Optoma is proud to be launching our very own insurance product for our customers.

“We’re confident our introducers will enjoy the benefits of the easy to use point-of-sale software as much as their customers will enjoy the minimalexclusions on the products themselves – not to mention the excellent commission rates we have negotiated, which are up to 30% more than some brokers may be receiving from their current provider.”

Recommended

Firm sounds buy-to-let repossessions warning

Moore Blatch has forecast a sharp rise in buy-to-let repossessions as re- cent interest rate rises start to affect landlords.The repossession litigation specialist says repossessions have flattened over the past year, but warns that the market could see a significant upswing in them as both buy-to-let and owner-occupier borrowers begin to feel the pinch of […]

OFT puts spotlight on house building industry

The Office of Fair Trading has revealed it will investigate the effectiveness of the house building process in the UK.Following the recommendations of the Barker Review of Housing Supply 2004, the OFT has been monitoring the house building market and is concerned that it may not be working well for consumers. The trading regulator is […]

More advisers for Spicerhaart

Spicerhaart Financial Services is partnering training provider New Leaf Group to offer job opportunities to newly-trained mortgage advisers. Steve Cox, operations director at Spicerhaart, says: “This will help us increase the number of our advisers.”

Nationwide hikes fixed and tracker rates

Nationwide has increased its rates on some of its fixed rate and tracker mortgages. The new rates are available from Tuesday June 26 2007.For home movers the new deals include two-year fixed rates starting from 5.98%For remortgage and additional borrowing customers deals include two-year fixed rate starting from 6.08%Existing Nationwide mortgage customers get a £100 […]

Newsletter

News and expert analysis straight to your inbox

Sign up