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Cover firm folds owing hundreds

Mortgage Protection UK has been wound up, owing hundreds of pounds in commission.

Earlier this month Mortgage Strategy reported that the insurance provider owed Inglenook Financial Services over 300 in unpaid commission and had previously been under fire for owing several thousand pounds to brokerages across the country.

Alan Campbell, proprietor of Inglenook, says: “Unbelievable. There’s not a lot that can be done now other than writing to my clients to explain.”

“I tried to contact MPUK, but the number was not recognised – now I know why. It’s bad form that MPUK has not contacted anyone about this and that no mention was made of the situation in previous communications with it.

MPUK was threatened with legal action in 2002 by scores of mortgage brokers who had not been paid commission. It was threatened again earlier this year by Inglenook which has had similar problems with the company in the past.


Minister opens building centre

Housing minister Baroness Andrews opened the Milton Keynes College Construction Centre last week. The centre teaches young students practical skills. She took a short tour during which she met some of the young students and watched them demonstrating their skills in bricklaying, plastering and plumbing.

Kensington cover range

Kensington Mortgages has launched an insurance range complementary to its mortgage range. The range comprises household building insurance, with or without contents, accident and sickness, or accident, sickness and unemployment cover.

Insurance costs could vary by region

We’ve been hearing about the so-called NHS postcode lottery for quite some time now. Access to drugs and the types of treatments available differs greatly from one part of the country to another. But treatment for serious illness isn’t the only lottery we have, as there is now proof that the area of the country you live in also has a bearing on your life expectancy.

Prestbury completes 933m of mortgages

Prestbury Holdings has released a trading update ahead of its final results announcement, due during the week commencing February 2006, which reveals it completed 933m of mortgages for 2004/05. The update from the mortgage and general insurance network also shows a 58% increase in turnover to 8.2m, from .5.3m in 2004, and 124 appointed representative […]

Budget summary – March 2016

This week’s Budget looked as if it would be a difficult one for the Chancellor, with disappointing economic numbers and the need to avoid ruffling feathers ahead of June’s in/out referendum. Nevertheless, Mr Osborne did spring a few surprises, including some tax reductions. So how does this budget affect you? If you are – or […]


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