British Insurance Ltd the UK's largest mortgage payment protection insurance independent company, have once again cleaned up on most of this years awards for the best MPPI products.
Here's the latest offering from them advertising the award winning mortgage payment protection insurance.
For Great MPPI Think British! - They told me to say that but its quite catchy!
Specialist classic car insurance - cheaper than ever!
Lancaster Insurance who operate the UK's only exclusively specialist car insurance comparison site Car-Insurance.TV are warning that many drivers of classic cars, performance motors and modified vehicles - are losing out if they only buy their car insurance from the large aggregators.
Car-Insurance.tv operates a comparison site which compares specialist schemes offering tailored cover online. With so many cars now becoming classics such as the VW golf and other foreign street cars like Toyotas and Mitsubishis cherished items, their owners may be pleasantly surprised to find that they could literally save hundreds of pounds off their premiums for better cover! They also offer discounts you won't find anywhere else such as club memberships and marque policies.
Landlord Insurer warns 'Tenants must be briefed for winter emergencies'
Rogue and inefficient landlords could face having claims dismissed warns the UK's online landlord insurance portal and landlord buildings and contents quotation comparison website www.landlord-insurance.net if......."they fail to keep their tenants informed and briefed on what to do in an emergency and major damage ensues that could have been prevented".
They report that 20,000 landlords across the UK could be affected as Winter comes early across nuch of Britain. With almost three million houses in the privately rented sector and weather forecasters predicting a colder winter than last year, simple steps, such as ensuring that all tenants know how to switch off the water, electricity and gas supplies, could save landlords and insurers thousands of pounds, and potentially save lives!
Tenants are the first line of defence against problems in the properties they rent and need to be fully equipped to deal with all kinds of winter emergency situation. If the landlord has landlord emergency insurance and equipment insurance cover then the tenants need to know who to phone should the landlord not be available. Do the tenants realise that their possessions and property contents won't be covered unless they've taken out their own personal contents insurance?
If you improve the communication lines with your tenants you will reduce the risks and minimalise any claims that you can't avoid...as a landlord s**t happens.
Government to help halt non Mortgage Payment Repossessions
The Government has announced a new scheme to help people who suffer a temporary loss of income stay in their home. The scheme will apply to mortgage holders who have mortgages up to £400,000. The ten biggest mortgage lenders have nodded approval to the scheme but they're all saying 'we need more details'. The devil may well be in the detail!
The new Homeowner Mortgage Support Scheme will enable households that experience a significant and temporary loss of income as a result of the economic downturn to defer a proportion of the interest payments on their mortgage for up to two years. The Government will guarantee the deferred interests payments in return for banks' pariticipation in the scheme.
The Government will work with lenders over the coming days to develop the scheme in detail, with a view to it being available to customers early in the New Year. The country's eight largest banks have already pledged that they will work with the Government to develop the scheme.
The Chancellor said:
"This is real help for homeowners at risk of repossession through no fault of their own. The scheme will give people who face a temporary fall in their income the confidence that they need to rearrange their finances so they can come through a difficult period without losing their home."
Housing Minister Margaret Beckett said:
"We are determined to do everything possible to ensure that hard working households have the option to stay in their homes, if they suffer a loss of income during the downturn. This scheme will give households the breathing space to get back on their feet again and help ensure they do not face or fear repossession.
It shares the risk of home ownership at this difficult time across all the partners - the Government, the lenders and the borrowers. We want to see all lenders signing up to this scheme as part of their efforts to ensure that repossession is always an absolute last resort."
Our opinion at Insurance Blog is that if the Government introduced their own captive mortgage payment protection insurance scheme utilising the skills of or plagarising the model of a large independent supplier such as British Insurance Ltd, and incorporated it into the National Insurance system then they wouldn't be in the situation they now find themselves - having to underwrite mortgage payments after the event at the taxpayers expense.
Similarly it is a National Security issue if we were to see large scale repossessions of homes and we welcome these proposals as a line of economic defence.
Moreover we're looking forward to further interest cuts today!!
Alliance and Leicester slash fixed rate mortgages!
Alliance & Leicester has launced a new range of mortgage products, with fixed rate mortgages being reduced by up to 0.90% in a bid to generate some demand.
The new mortgage products will be available from Thursday 4 December 2008 and include: Two Year Fixed Rate reduced to 4.94% from 5.79%
· Fixed until 31 December 2010
· £599 product arrangement fee
· Customers can borrow up to 75% of the property value
· 10% overpayment facility
· Maximum loan £250,000
Two Year Fixed Rate reduced to 4.99% from 5.59%
· Fixed until 31 December 2010
· 1% product arrangement fee · Customers can borrow up to 75% of the property value
· 10% overpayment facility
· Maximum loan £1 million
Two Year Fixed Rate FeeSaver reduced to 5.49% from 6.39%
· Fixed until 31 December 2010
· No product fee
· Customers can borrow up to 75% of the property value
· 10% overpayment facility
· Maximum loan £1 million
· Free valuation1
· Remortgage customers get £200 cashback or free Mortgage Transfer Service
Insuranceblogger is pleased to see some movements in the large area of the market that is traditionally risk averse and consequently doesn't benefit when rates go south. Sure to generate some demand in a particularly quiet seasonal period!
Mortgage Payment Protection Insurance? For Quality Think British
Simon Burgess the CEO of BritishInsurance.com the UK's largest and most popular independent mortgage payment protection insurance company offers some frank and sound advice on purchasing mortgage payment protection insurance.
BritishInsurance.com has won multiple awards from trade press and consumer groups for its MPPI products, over the last three years.
Norwich Union Withdraws from Internet Affiliate Marketing
Norwich Union have withdrawn from affiliate marketing sending waves of discontent around the internet marketing community. NU may not find it so easy to get back in, if and when they decide to return to distributed internet marketing. These days its the marketeers who decide which products to promote!!
Having dished out the rate slashes to the large agglomerate brokers, NU has now retracted even further into its hole. Must be batten down the hatches attitude, which may be the wrong way to go in the current market. Time will tell.....
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