View more on these topics

Paymentshield extends cover

Paymentshield is offering standalone mortgage payment protection insurance to existing customers again.

The firm has launched MortgageProtector Solo for existing borrowers, meaning MPPI is once more available for both new and existing clients.

Previously, Paymentshield offered MPPI to new borrowers or remortgage customers through its existing underwriter but joined forces with Cardif Pinnacle to offer the new deal.

Sandy McPherson, head of marketing at Paymentshield, says: “It’s no secret that due to the current economic climate some providers have decided that MPPI is a sector that they don’t want to be in.

“But we recognise that it’s in un-certain times that consumers most need insurance so we are delighted to be able to offer this deal.”

Danny Lovey, proprietor of The Mortgage Practitioner, says: “There has been illiquidity in the MPPI market so any providers getting back into it must be welcomed.”

Recommended

Temptation…

The industry’s love-hate relationship with claims management firms has been highlighted in recent months as brokers have started to hit lenders where it hurts – in their pockets.

FSA says documentation standards have risen

The Financial Services Authority says it has noted an improvement in the quality of Key Features Documents since September 2007 when it challenged companies on the issue.

CML warns of confusion over future regulation

The Council of Mortgage Lenders has warned that separate debates about the future shape of mortgage regulation in both Europe and the UK could lead to confusion.


The real broker-killers

Last week’s news that HSBC is running a pilot programme with London brokerage John Charcol to offer whole of market advice in its branches made a big impact on the market.

Don’t play chicken with the Bank of Japan

By Josh Ausden, Head of Client Investment Strategy, Neptune Short-term yen strength has hurt the Neptune Japan Opportunities Fund but recent events have only added weight to our conviction that the Bank of Japan will act to ease policy, boosting multinationals’ profits and weakening the yen. In recent weeks the performance of the Japanese stockmarket […]

Newsletter

News and expert analysis straight to your inbox

Sign up