According to Mortgage Payment Protection Insurance provider, DMS, savings can be made by just switching provider. DMS surveyed the MPPI market and found significant differences in cost between products offered by mortgage lenders and deals available through other advisers.
Overall, the average charge per £100 of mortgage (based on a £75,000 mortgage) was around 5.84%. The rate was much lower through other companies at around 4.19%.As always, it pays to shop around. Don't just assume you are getting the best deal - check it out first!
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