Home Buyer Systems rolls out stand-alone protection system
Fri, 09 Apr 2010
Home Buyer Systems has unveiled a stand-alone sales and compliance system to allow mortgage brokers to increase their sales of protection and general insurance (GI) products.

The launch of the system corresponds with the recent announcement from the Financial Services Authority (FSA) that it is to review the sales standards of pure protection products by mortgage intermediaries. Home Buyer Systems said the system is available to all mortgage brokers, regardless of whether they subscribe to the Home Buyer sourcing system or use an independent sourcing system.

It offers compliant protection and GI product sourcing through a defined sales process that includes the production of a suitability letter that covers all the elements of protection and GI. Richard Angliss, managing director of Home Buyer Systems said the new protection and GI module was created to fill a noticeable gap in the market.

He said: "We have conducted research showing that on average brokers' mortgage business levels have reduced by 70 per cent from the peak before the credit crunch."
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