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Pinnacle thumbs up for MPPI

Payment protection insurer Pinnacle says homeowners who re-mortgage should buy a mortgage payment protection insurance policy to safeguard the financial benefits of moving to a new lender.

Pinnacle argues that the advantages of better terms and lower costs make little difference if sickness, accident or unemployment stop homeowners making mortgage repayments.

Pinnacle director of new products Tom Claytor says: “It&#39s certainly a buyers market at present with real and substantial savings to be made by borrowers who search out the best available deal for themselves. Pinnacle&#39s call for homeowners to secure the benefits of their re-mortgage follows news that remortgaging rose to its highest ever level in the second half of December 2000.”

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