The percentage of the United Kingdom market covered by mortgage payment protection insurance has increased slightly to 25.6% from 23.5%, according to new research released by the Council of Mortgage Lenders."Although some borrowers who take out MPPI eventually allow their policy to lapse, the figures show continuing progress in the overall number of mortgages that are protected by insurance," the CML said. The council can be found on the Web at http://www.cml.org.uk.
Mortgage Pay-Protect % Rises in UK
April 28, 2004, 2:00 p.m. EDT 1 Min Read
