Tuesday, 29 November 2016

Mortgage Advice Bureau partners with Vita for protection

The Mortgage Advice Bureau (MAB), one of the UK's largest mortgage brokers, has partnered with Cardiff-based advice firm Vita, to provide protection, critical illness and income protection products to MAB customers. 

MAB has over 900 advisers and claims to arrange approximately £10 billion of mortgages each year, through its panel of 90 lenders. It also partners with a large number of independent estate agents to distribute its mortgage services. 

It sees the new partnership as a means of extending its protection offering and took a 20% stake in Vita in the first half of 2016. 

Vita has been established since 2010 and as well as its relationship with MAB, it partners with Cavendish Online and a range of smaller IFAs and mortgage brokers.