The product includes:
- Premium of £4.95 per £100 of benefit
- Cover for Mortgage Repayment plus up to 25% of additional costs
- Minimum underwriting as acceptance guaranteed*
-Commission. 28% of GWP, including IPT, paid on the monthly drip
- Quotations exclusively available from their mortgageLink sourcing software.
This new product compliments Network Data’s existing ASU policy, which is underwritten, and has higher levels of benefit if required and additional product options.
Terry Young, Head of Operations at Network Data says:
"This product has been developed to provide mortgage intermediaries with a competitive product that meets the needs of their clients within the mortgage process. It shows our commitment to the continuous development of the choice of products and size of panel available, as well as the payment of market leading commissions, leading up to regulation".
* subject to qualifying criteria
