The product has been put together for Mortgage Promotions by IIS, in conjunction with a specialist underwriting agency.
Explaining the rationale for the new product Nick Baxter (Mortgage Promotions director) said, “We have always said we want to provide every product that either one of our registered users or their customers might need, but as long as all our registered users are directly regulated by the FSA on a menu basis. Office insurance can be a significant cost to many firms so if we can use our buying power to get them a better product then we will. Since this product is available to the customers of our registered users we are also able to help our users help their customers.”
Nick Baxter continued, “As a mortgage club there is no reason why every directly authorised mortgage firm should not be registered to use us. We are free to join and mortgage firms can use us as often or as little as benefits them. There is now no product we cannot offer that either a firm or their consumer might need, but all products are offered on a menu (use as little or often as required) basis.”
Sean Benson, director, Innovative Insurance Solutions added, “We have now put together a range of products for Mortgage Promotions, including marketing leading travel insurance and a no claim discount MPPI. We look forward to continuing to help Mortgage Promotions achieve their goals by giving their registered users competitive insurance products.”
