Press Release

Paymentshield Launches New Mortgage Club

Paymentshield, the leading supplier of general insurance and protection products to intermediaries, is expanding its range of services by launching a new mortgage service.

Paymentshield Mortgage Club (PMC) is targeted at those who are directly authorised by the FSA and offers a compelling selection of lenders and products, coupled with some of the very best procuration fees available to this sector of the market.

There is a requirement for intermediaries to commit a level of their mortgage business to PMC in return for favourable terms, however the level of commitment required very much enables an intermediary to continue to trade as independent by allowing freedom to continue using other lenders if necessary.

Commenting on the launch, Ben Thompson, Head of Mortgages at Paymentshield said,

"PMC is a logical extension of our service to intermediaries and has largely come about as a direct response to significant demand from those that wish to ideally have one point of contact only for their mortgage and related business and this effectively fills a gap for us. This is however only the first of a number of services that we intend to launch to those that are directly authorised by the FSA and we are excited about some of our future plans and how these will directly benefit intermediaries further. I would encourage people to strongly consider registering as PMC will over time start to bring about many benefits to those active in the mortgage sector"

PMC has also been made available on two mortgage sourcing systems, both Mortgage Brain and Trigold, in order to allow people choice, however there is an incentive providing free Mortgage Brain for the first 750 subscribers to the club that wish to use this sourcing system.

In order to register for PMC, intermediaries need to visit www.paymentshield.co.uk/mortgages/ or call 0845 615 700 for more information.

-ENDS-

Notes to Editor:

Paymentshield Limited is the largest independent supplier of general insurance products to the mortgage intermediary sector with current new business levels exceeding 25,000 policies a month. Paymentshield has one of the largest collections of registered intermediaries in the mortgage market, totalling over 18,500 users.

For all further enquiries, please contact:

Ben Thompson
Head of Mortgages
Tel - 01707 226637
Mobile - 07887 678467
E-mail - ben.thompson@paymentshield.co.uk

Graham Boulger
Group Sales Director
Tel - 01704 215 212
Mobile - 07977 122 686
E-mail - graham.boulger@paymentshield.co.uk

Fiona Kitchin
Head of Marketing
Tel - 0870 351 5878
Mobile - 07989 960 166
E-mail - fiona.kitchin@paymentshield.co.uk