John Blundell, managing director of St Andrew's Group said: “With the average property price having more than doubled over the last decade, purchasers are having to take on higher levels of borrowing to buy their homes. It makes sense to insure against the loss of that home by selecting MPPI as a key insurance product. Many financial advisers see the benefits of selling this type of policy and Select and Protect is well positioned to service this market, with over 2,500 financial advisers acting as active agents.
”This is an excellent move for St Andrew's, as we are looking to increase our presence within the mortgage market, where we already have links with a number of key lenders and specialist insurance providers.”
Simon Hood, Chief Executive at Select & Protect commented: "We are pleased to have appointed St Andrew's as our sole underwriter for our MPPI policies, and we are confident that their dedication to service excellence will continue to improve the service offered to both our financial adviser agents and their clients. Our evaluation of this important market showed a number of areas we wanted to continue to exploit - value for money, method of payment and flexibility, and St Andrew’s were the natural choice in helping us deliver this to our agents.”
