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Wednesday, 2 October 2013

Lack of mortgage broker protection sales ‘disgraceful' - Stockton

Countrywide's Nigel Stockton has branded the slump in protection sales through mortgage advisers ‘disgraceful' and warned that sales will continue to fall as the mortgage market grows

Stockton, speaking during a broker panel session at the Financial Services Expo in London's Old Billingsgate, said that around two-thirds of mortgages were completed without the appropriate level of insurance.
"I sold my first mortgages in 1987 and before I could get the completion I had to get the direct debit receipt to show that I had sorted life cover for that loan," he said.


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