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Abbey offers free MPPI till year-end

Abbey is offering three months’ free mortgage payment protection insurance for all new applications from now until the end of the year.

The offer is intended to encourage more borrowers to take up the cover. Abbey says research it has carried out shows that home owners are leaving themselves vulnerable when it comes to mortgage payments.

Half of UK adults admit they could not maintain their current lifestyle beyond one or two months if their work circumstances were to change.

Yet only one in five have protected their mortgage payments in case of accident, sickness or unemployment.

Lloyd Wilson, head of insurance marketing at Abbey, says: “At a time when people may be thinking about their mortgage options because of the recent rate cuts, they should also give some thought to protecting themselves against unforeseen changes in their lives.

Paymentcare, Abbey’s MPPI policy, is available for accident, sickness or redundancy, and home owners can choose the combination of cover that best suits their needs.


Sidcup mortgage broker loses OFT CCL appeal

A Sidcup mortgage broker has lost an appeal against a decision by the Office of Fair Trading to revoke his consumer credit licence.The OFT’s original decision was based on the fact that Stewart Williams, who trades as S & J Consultants, was convicted in July 2000 of a number of offences involving dishonesty, including obtaining […]

Needy are least likely to get help

A series of studies carried out for the Joseph Rowntree Foundation reveal that those in greatest need of assistance have the worst access to opportunities and services. People who most require good health care, education, jobs, housing and transport continue to struggle 60 years after the founding of the welfare state, the JRF’s assessment of […]

MT unveils deals

Mortgage Trust has launched a range of buy-to-let products under its MT Select brand. Available exclusively through MT Select packager members, the products assess rental income on 125% of the product rate.

TMB IT glitches are affecting my clients’ credit profiles

From Andrew Forsey The Mortgage Business’ computer problems are affecting my clients’ credit profiles. Recently, two have been declined for new mortgages with another lender as they are shown as having missed payments in the past 12 months with their lender, TMB. This has come about because, during TMB’s switch to its new computer system, […]


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