MPPI

A recent FOS decision has raised the stakes on payouts for mis-sold MPPI products; explains Richard Walsh.

As the ABI examines publishing claim statistics on short-term income protection (STIP) policies, British Friendly's Mark Myers says we need greater clarity on these plans.

Demand for Mortgage Payment Protection Insurance is still dwindling, but a new philosophy on debt waiver products could rejuvenate the market. Fiona Murphy reports.

National Counties Building Society has launched the UK's first ever mortgage waiver product, giving borrowers built-in protection from unemployment.

LifeQuote has predicted an increase in protection sales as a result of the MMR, as prudent lenders consider a borrower's ability to pay, not just as a result of employment issues but also ill health.

The mortgage industry should expect compensation claims from customers who were not offered financial support mechanisms when taking out their loans, claims management firms have said.

Following findings that only 2.7% of new mortgage borrowers buy unemployment, has been revealed nearly half of mortgage lenders are failing to offer it as an option.

British Money has launched Universal Cover which pays mortgage borrowers who lose their jobs or who are prevented from working due to an accident, sickness or caring commitments for up to a year.

British Money is set to launch a new mortgage payment protection product for the UK market.consumers.

Mortgage Payment Protection Insurance (MPPI) was ‘caught in the crossfire' of the PPI scandal. With the market contracting to a handful of providers, Fiona Murphy asks, does MPPI still have a place for consumers?