Paymentshield reports record sales amid growth plans

The company’s Home Insurance product, which launched in 2011 and is underwritten by a panel of insurers, experienced its highest sales ever in September, achieving a year-on-year increase of 26%.

Paymentshield recently made improvements to its adviser portal, making it easier for advisers and their remortgage clients to benefit from a ‘first three months free’ offer, which will be available until the end of 2017.

James Watson, sales director at Paymentshield, said: “Our September sales results are hugely encouraging and demonstrate a heightened awareness among advisers when it comes to the financial benefits of quoting for GI on a mortgage application.

“Our goal now is to increase this further and get to a point where a clear majority of mortgages have a GI quote applied. To achieve this, we’ll be continuing to work closely with advisers and optimising our proposition to make the process of protecting what matters most to their clients as simple as possible.

“This time of year is the prime time for remortgage applications to go through, so we wanted to make it as easy as possible for advisers to make sure their clients are protected for any eventuality – something that’s particularly pertinent given the extreme weather the country’s been hit with recently.”