TMA teams up for GI deals

Abbey subsidiary The Mortgage Alliance is launching a general insurance proposition with Abbey for Intermediaries and Halifax.

The agreement will allow new and existing members of the mortgage club access to a range of GI products via its existing system.

Phil Whitehouse, head of TMA, says: “As an industry it is vital that we choose our affiliations carefully and that’s why I’m delighted our first venture into the GI market is with two established providers.

“They have a range of top quality offerings in terms of products, broker commissions, service and systems.”

Whitehouse says the firm is seeing a rise in broker interest in ancillary products and is aiming to meet that demand.

He adds: “We are in talks with other GI providers with a view to offering more product choices and competitive broker commission terms.”

Adrian Whittaker, key accounts director at AfI, says: “One in four homes is uninsured. By cross-selling and packaging insurance products, brokers can provide clients with a necessary service while improving their revenue streams at the same time.”

Jon Craven, head of mortgage intermediaries at Halifax General Insurance, says: “This partnership will allow an even greater number of brokers to replace lost income from our online offering.”

Also last week, TMA announced it is looking to expand its bridging offering to brokers.

Currently the firm offers bridging options through Cheval but is undertaking due diligence to give brokers a wider range of short-term funding options for customers.