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Mortgage holders urged to shop around for insurance
Thu, 02 Feb 2006
Mortgage holders looking for mortgage payment protection insurance are being urged to shop around for the best deals.

Many mortgage holders are believed to sign up with their mortgage lender for mortgage payment protection insurance simply because it saves time and they do not want to shop around following a "lengthy" mortgage application process, says Rachel McKay of price comparison website Moneyfacts.

The mortgage analyst explains that mortgage borrowers "need to be made aware" that shopping around for mortgage payment protection insurance cover, either direct or via their independent financial adviser , is an avenue that is "well worth exploring".

She goes on to say that by shopping around for the best deal, mortgage holders could save "thousands of pounds" over their mortgage term.

Furthermore, there are now many independent financial service product providers offering "cheaper" products, according to the mortgage expert.

"New deals are evolving all the time and … some of the newcomers to this field are offering solutions which are cheaper and more innovative than some of the established players," Ms McKay concludes.

Article feedback

posted by: Mr. wake up | 09 March 2006
yeah... good stuff

posted by: Mr. thinking working | 06 March 2006
great stuff

posted by: Mr. post comments | 28 February 2006
great stuff

posted by: Mrs. nnnj injhjhbjbhbhj | 27 February 2006
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posted by: Dr. fred smith | 09 February 2006
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