More reaction to Monday's story about Marketguard's mortgage rate protection in The Telegraph. Their money writer, Paul Farrow takes the, not unreasonable, stance that given the conditions that have to be met for the policy to pay out and the cost of the cover itself, most people who can afford the insurance can probably afford the increased mortgage payments, and those who can't probably can't afford the premiums either.
So far, it is looking like the general consensus on this one is that it is a opportunistic gimmick designed to cash in on people's fears about the current financial climate.
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