Figures across the insurance industry have expressed concern over the return of the mortgage market making advisers drop protection sales due to a lack of time.
Chris Bramham, director of estate agency and financial advice firm Kings Group, said that mortgages are taking longer to process and that brokers are prioritising the mortgage sale again, despite the smaller fee.
Louise Colley, distribution director of protection at Aviva, added: “Advisers’ challenges have been that there’s been an upturn in mortgage activity, which is fantastic news for the mortgage market, but the protection sale adds an extra 45 minutes on to what they already do.”
The latest Mortgage Solutions People’s Poll asks brokers whether protection sales have dropped away in the six months as mortgage volumes have increased.
Have your say in our poll HERE.
