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CML figures show boost for loan insurance

The Council of Mortgage Lenders claims its campaign to promote mortgage

protection payment insurance is working as the latest figures show

increas-ing take-up.

The CML says the num- ber of borrowers protecting mortgage payments

against accident or unemployment has risen by 9 per cent.

In the last six months of last year, the number of mortgages with payment

insurance increased by 9 per cent to two million.

Chairman of the partnership group formed by the CML, the ABI and the

Government, Mike Ellis, says: “These encouraging figures show that the

drive to make homeownership more sustainable is pay-ing off.

“Customers have res-ponded positively to a better product, better sales

process and better information.”

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