Advisers who sold mortgage payment protection insurance (MPPI) generally provided better information and quality of advice than sellers of other forms of PPI, according to the Financial Ombudsman Service.

Following a survey of just over 2,000 people, 33 per cent claim they have switched insurers over the past two years because of poor service.

Intermediaries, building societies and specialist lenders have gotten a bigger share of gross mortgage lending at the expense of banks as a result of the Mortgage Market Review (MMR), the IMLA says.

Your home may be repossessed if you do not keep up repayments on your mortgage.

Over a third of the people looking to borrow this year will use the money to repay existing debts, according to a new report from Cuna Mutual, the largest specialist insurer of the mutual sector.