Protecting the biggest purchase a person is likely to make should be a key decision. Owain Thomas asks whether mortgage payment protection insurance is still a worthwhile option.
The payment protection insurance (PPI) mis-selling scandal has been hitting headlines for several years now. But with the major high street banks finally ending their opposition to regulators’ intervention, the issue is now approaching closure. When combined with the incoming Competition Commission (CC) rules surrounding the sale of such products, it seems the market will face a more regimented structure in the future. While this remedial action was largely necessary to correct the poor operation of the single premium loan and credit card PPI markets, it also captured a somewhat un...
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