Mortgage Advice Bureau does police deal

Wednesday 1st February 2012

The Mortgage Advice Bureau has signed an exclusive deal to support Police Mutual  in providing its members with whole of market mortgage advice.

The deal was announced on the same day that Home Secretary Theresa May approved a pay deal for police in England and Wales that will cut their overtime pay and other allowances. The Police Federation said the deal would mean ‘serious financial hardship’.
 
As a result of the agreement with MAB, Police Mutual customers seeking mortgage advice are now directed to a team of dedicated and fully trained in-house mortgage advisers to help them to get the best mortgage deal possible.
 
Peter Brodnicki, chief executive of the Mortgage Advice Bureau, said: “The police service in the UK does a fantastic job and MAB is proud to be able to assist them with their mortgage requirements.
 
“This new relationship aims to provide a much broader service to more Police Mutual members than was previously available.”
 
James Henderson, commercial director of Police Mutual, said: “We know that our members’ household income is being squeezed and we wanted to widen our mortgage offering so that we could help all of our members to find the most suitable mortgage for them during these tough economic times, rather than only being able to help the select few.

“This exclusive partnership with MAB demonstrates our continued commitment to their welfare.

“Impartial, whole of market mortgage advice will be a significant member benefit and complements our existing suite of financial services products.
 
“Police Mutual works hard to build close links with top industry partners in order to provide a comprehensive financial services offering to our members, and we are very much looking forward to working with MAB.”