Mortgage Brain brokers can now access Berkeley Alexander's (BA's) whole of market home insurance, residential buy-to-let insurance and mortgage payment protection insurance (MPPI).
They can also introduce enquiries to BA who then fulfil the GI compliant sales process and pay an ongoing commission to the introducer for the lifetime of the policy. In addition, access to the BA quote engine is also available to the majority of networks allied to Mortgage Brain through an integrated link.
Mortgage Brain CEO Mark Lofhouse said: “With the emphasis now on treating customers fairly (TCF) and supplying the most suitable products to the customer it is important that our partners recognise and embrace the TCF philosophy and offer a range of products that ensure our customers who wish to give independent advice have access to the necessary product range.
“BA’s products offer competitive premiums and excellent policy cover while providing good rates of commission. Its innovative age-banded MPPI policies were also a major factor when reaching our decision.”
BA’s unique comparative web-based quote facility allows users access to a range of insurers and products for its main product lines, enabling advisors to give “whole of market” independent advice to their clients.
BA general manager Geoff Hall said: “Our system provides a slick and simple way to quote, compare products, complete the compliant sales process and allow online purchase of policies, including e-mail confirmation of cover, with a cover note for mortgage lender purposes. The benefit to the Mortgage Brain users includes a simplified log in process and the pre-population of data to our quote engines which saves the adviser time in eliminating the need to re-key data.
“I am delighted that Mortgage Brain has recognised the value of our extensive product range, our high service levels and the fact that the system permits users to introduce or advise on other types of insurance, including all forms of commercial insurance.”
