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- 31 October 2019 Create Date
- 31 October 2019 Last Updated
Increasing competition, technology and non-advised sales are all putting pressure on mortgage advisers. Brexit-related uncertainty continues to weaken the property market. Meanwhile, there is still a minority of mortgage customers taking out a protection policy, whether life, income protection or critical illness cover.
Millions of people in the UK thus remain underinsured, or have no financial protection at all, highlighting the UK’s continuing protection gap.
Mortgage brokers should therefore grow their protection business to remain competitive and profitable. How can this be achieved?