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Direct-only cover deals

Further to recent concerns over the availability of professional indemnity cover for advice regarding “direct-only mortgages”, I thought your readership might be interested in the following observations from PYV.

As a specialist PI insurance broker for IFAs and mortgage intermediaries, we have already been approached by a number of our clients who want to undertake this activity.

We have approached their insurers and are pleased to say we have successfully managed to negotiate the appropriate extension in cover and usually this has been done at no charge.

Ian BoscoeDirector, PYV


Hornbrook and Chelsea part ways

Chelsea Building Society chief executive Richard Hornbrook leaves the society by mutual agreement at the end of August to be replaced by chairman Stuart Bernau.


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