Latest News - Insurance - United Kingdom - Essex

For the first time in over 15 years, UK consumers are being forced to deal with both falling house prices and widespread job losses and the latest jump in repossessions shows just how difficult many are finding it to maintain their status quo.

Mortgage brokers have been urged to return to old-fashioned broking values in a bid to protect clients, by Sara-Ann Burgess, a high profile payment protection insurance (PPI) campaigner.

The news that the regulator is set to crackdown on the payment protection insurance (PPI) market is good news for the sector, for the wider financial services industry and most of all, the consumer.

Recent research from price comparison site money supermarket reveals that only one in seven Brits consider Payment Protection Insurance (PPI) as crucial and almost a quarter do not know what it is.

News of Lloyds TSB’s takeover of HBOS will do little to help the thousands of people falling into mortgage arrears says Payment Protection Insurance lobbyist Sara-Ann Burgess from Burgesses.

Consumers must proactively seek to protect themselves in the face of a rising tide of unemployment and take responsibility for their own long-term financial health, says payment protection insurance specialist, Burgesses.

As the economic downturn gains momentum and credit crunch casualties continue to increase, it’s more important than ever for consumers to take out some form of income protection.

Intermediaries are being warned to check the domicile of their general insurance product providers, or risk being out of pocket.

Credit card PPI is worth over £970 million a year to the PPI sector, making it the second biggest selling product.

Senior heads should roll at the Council of Mortgage Lenders (CML) after failing to secure an equitable level of state protection for mortgage lenders in both the private and rented sectors.

Thousands of mortgage borrowers who suffer from pre-existing medical conditions have found they are effectively trapped into unsuitable – and often very expensive – payment protection policies.

Mortgage borrowers are wasting £480 million a year on overpriced Mortgage Payment Protection Insurance (MPPI) according to Burgesses.com.

British Insurance has launched a new ultra low cost Mortgage Payment Protection Insurance product.