Mortgage and Business News » Insurance

Mortgage payment protection cover still not popular

Peter — Tue, 15 Jul 2008 10:17:55 +0000

In a time when many home owners in Britain are worried about their financial situation, you would have thought that they would take out an insurance product like mortgage payment protection cover.

In a recent poll that was taking by YouGov on behalf of the Association of British Insurers (ABI), it shows that 92 percent of them were worried that the economic environment is far worse than it was just a year ago. 82 percent of them expect things to get a lot worse over the next 12 months.

In the poll we were surprised to learn that just 31 percent would be willing to take up protection insurance products like mortgage payment protection cover in the future.

ABI Assistant Director Nick Kirwan, has said “It is worrying that so many people are not prepared to look at taking out protection insurance, even insurance which covers redundancy given the uncertain economic outlook.”

It is all well and good taking out insurance products to safeguard against things like losing your job, but it seems as if homeowners are in a catch 22, as they can’t find the extra money needed to take out any extra insurance cover.

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HBAS announces partnership with Simplyzigzag.com

Peter — Mon, 07 Jul 2008 07:30:50 +0000

Home Buyers’ Advisory Service (HBAS) and Simplyzigzag.com has announced a new partnership with each other, HBAS is a specialist independent mortgage adviser who offer their clients a stress-free way of finding the best mortgage deal for them while they search for a property.

Home Buyers’ Advisory Service are based in London and are an independent mortgage adviser, this new deal means that they will now have exclusive rights to offer a choice of mortgages to Simplyzigzag.com members.

These members will now have a choice of mortgages from over 120 lenders; this will offer members the best choices possible for Simplyzigzag.com’s users.

A range of products are available from the company, these include mortgages, buy to let mortgages, re-mortgages as well as income protection and critical illness. Building and contents insurance are also two other products available.

Once you start the process, the Home Buyers’ Advisory Service will then guide you through a step-by-step buying process, this makes like easier as all the jargon along with the different mortgage options are explained in easy terms.

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