View more on these topics

ScotProv guide to mortgage protection

Protection specialist Scottish Provident is publishing a free consumer guide on mortgage protection and the best way to protect the different types of loans available on the market.

The guide has been produced following a survey commissioned by Scot Prov which found that 27 per cent of borrowers either have no mortgage protection or are unaware if they do have any cover. Of these, more than 10 per cent said they did not know why they did not have any cover.

Scot Prov says that one reason for the low take-up is the wide array of products baffles borrowers as to which kind of protection is best for them.

Its guide sets out to simplify the different types of mortgage cover – including critical illness, disability cover, term assurance and unemployment benefit – in a bid to encourage borrowers to protect their homes.

Head of marketing and product development Nick Kirwan says: “Our booklet provides a useful starting point for on a very complex subject and sets out all the options available.

“Individuals, together with a financial adviser, will then be able to choose the best type of mortgage protection, whether it is for a new mortgage or to protect an existing one.”

Recommended

Morgan is Forbes new MD

Alexander Forbes Financial Services is appointing Tim Morgan as managing director responsible for IFA business.Morgan, who will head up the firm&#39s employee benefit and financial planning arm, will report to Alexander Forbes UK director Dick Wood.Wood took over control of the firm&#39s UK operation last year in a boardroom shuffle that saw former managing director […]

Dunstan Thomas has eye on pensions

IT services provider Dunstan Thomas is planning to focus on the financial services market and the pension sector in particular.The company says concentrating on financial services rather then general markets builds on the experience it has gained from providing services to a number of financial companies, including Friends Provident, Zurich, PPML, Winterthur and James Hay […]

New mortgage range from Leeds & Holbeck

Leeds & Holbeck is launching a range of new mortgages, including a three year fixed rate loan of 4.74 per cent. This is fixed until June 1, 2005 on loans up to 90 per cent of property values with no extended lock-ins. This rises to 5.24 per cent up for 95 per cent. Borrowers can […]

Third way to third phase

We seem to have moved on in the past week from third way politics towards the third phase of New Labour&#39s agenda.Much of Tony Blair&#39s speech last week to the party faithful was designed to head off an increasingly vociferous challenge from Labour&#39s traditional public sector supporters but it did contain some evidence of the […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment