Paymentshield’s distribution agreement with Mortgage Advice Bureau (MAB) has now been extended to 2017.

This extension means MAB advisers will now also have access to Paymentshield’s latest product and service proposition, including access to Paymentshield’s Home and Landlords Insurance products.

MAB announced the launch of the Paymentshield panel to its 600+ advisers at its conference held in Leicester on 5 February.

Peter Brodnicki, CEO of MAB, said: “We are delighted to have extended further our long-standing commercial relationship with Paymentshield, particularly as their new panel offers a significantly improved proposition which will be of benefit to our customers.”

James Watson, sales director at Paymentshield, added: “MAB are one of the largest mortgage distributors in the country so we are extremely proud to secure this distribution agreement. This is the fourth significant distribution deal we have secured and is testament to the ongoing strength of the Paymentshield offering.

“The IT integration of our intermediary website with MAB’s Midas Pro system will make it even easier for advisers to submit GI business. We are also continuing to work with MAB to offer additional functionality to MAB advisers such as access to our new design quote screen which enables advisers to see all returned quotes from our panel of insurers, not just the cheapest.”