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ABI fears MMR could damage protection sales

The Association of British Insurers has warned the Mortgage Market Review could harm protection sales.

Nick Kirwan, assistant director of health and protection at the ABI, says: “The MMR is a big threat. It puts more of an obligation on brokers to ensure that clients can afford the mortgage, which means mortgage sales will take longer. How much appetite will someone have at the end to talk about protection?”

Roy McLoughlin, senior partner at Master Adviser, says: “Clients only have a limited amount of time to spend with an adviser. If we are elongating the process, the danger is that it will put them off.”


Bridging now has a commercial focus

Given Mortgage Strategy is celebrating its 10th anniversary this month, it seemed apt to look at the bridging sector’s recent past. The bridging environment today is almost unrecognisable from 2001. Then the focus was on residential bridging and the limited opportunities in such a market. But there has been a shift and now for many […]

Mortgage plans on track, says Tesco

Tesco insists it is making good progress with its plans to enter the mortgage market, despite rumours that it has delayed the launch until 2012. In a note to investors last week, Matthew Truman, an analyst at JP Morgan Cazenove, says he expects Tesco to launch new financial products such as mortgages and current accounts […]


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