Cassidy Davis launches MPPI service
Cassidy Davis has launched its mortgage payment protection insurance (MPPI) online application system.
The application includes a series of eligibility questions that can be answered on a ‘tick-box’ basis, with a choice of payment options – single or renewable monthly premiums – and a choice of protection options available on the site.
Customers can also choose from accident and sickness only or unemployment only (monthly or single premium cover) and accident, sickness and unemployment cover.
Norwich Union raises rates
Norwich Union has raised the interest rates on its Fixed Rate Lifetime Mortgage and Cash Reserve Option plan.
The rate on the Fixed Rate Lifetime Mortgage introduced by brokers is 6.35 per cent, up from 6.25 per cent
The rate for business introduced by the Norwich Union Personal Finance salesforce has also increased, to 6.60 per cent.
Daren Carter, director of sales and marketing at Norwich Union Personal Finance, said: “Long-term interest rates have risen and this means we have had to raise our lifetime mortgage rates.”
Mortgage Choice launches online case tracking
Mortgage Choice has announced the launch of its online case tracking system.
Doug Hall, sales director, at Mortgage Choice, said: “Our solution is real-time, providing intermediaries access 24/7 to up-to-date information in respect of all applications."
