Now the 5,000 mortgage brokers who use Mortgage Next’s mortgage services will be able to provide clients with buildings and contents and ASU quotations at the same time as they arrange a mortgage. To obtain an initial household quote, advisers will simply need details of their client’s postcode and the sum insured/purchase price. Underwritten by Equity Red Star at Lloyds, part of Cox plc, household quotes provided should be more competitive than those of other major insurers thanks to an agreed price beat facility. Clients will also be able to take advantage of an interest free direct debit service.
Available through the same quotation software, Mortgage Next has selected MMS to offer three different ASU options:
Martin Maynard, Managing Director commented “Future success as a mortgage distributor will be based upon providing intermediaries with a suite of keenly priced high quality financial products which enables advisers to maximise their earning potential. We aim to become a ‘one stop’ shop for the 5,000 intermediaries we regularly deal with and this marketing alliance with Heath Lambert and MMS to provide household and ASU cover is a significant step towards achieving this objective.”
Mathew Shuter, Divisional Director of Heath Lambert Insurance Services Ltd added ‘We are delighted to have been selected by Mortgage Next to provide them with buildings and contents insurance and we are confident that together we can provide a simple, competitive and high quality service for their large mortgage intermediary network.”
