Paymentcare.co.uk launches quote system for brokers

Brokers simply have to visit www.paymentcare.co.uk, and click on Intermediary Zone to register. The provider is paying 28% commission (less insurance premium tax) on both B&C and MPPI - for the life of the policy.

Paymentcare.co.uk provides a range of low-cost policies to cover loans, mortgages and income. Its building and contents cover offers:

• Buildings cover - £400K
• Contents cover - £45K
• Optional: Accidental Damage, Home Emergency and Legal Expenses, Worldwide Personal Possessions
• No Claims Discount offered

Commenting, Paymentcare.co.uk managing director, Shane Craig, said: “We believe our new B&C product to be the most attractive on the market, designed to make mortgage brokers’ lives significantly easier, and with very competitive commission rates built in.

“Our B&C policy is bedroom rated, and so is quick and easy for brokers to quote at the point of sale.

“Another major benefit is that there is no monthly ‘admin fee’ for the policies provided by Paymentcare.co.uk.

“As we continue to be in an uncertain employment climate, it is vitally important that borrowers continue to protect their ability to keep up their loan repayments should they lose their job or be unable to work due to accident or illness, especially given the current economic climate.”