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Article: 'Switching MPPI could save [pounds sterling]2,300'. (News).(mortgage payment protection insurance, United Kingdom)(Brief Article)
- Article from:
- Money Marketing
- Article date:
- October 10, 2002
- Author:
CopyrightCOPYRIGHT 2002 Centaur Communications Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The average mortgage borrower could save more than [pounds sterling]2,300 during the term of their loan by switching their mortgage payment protection away from their lender, claims protection specialist DMS Security Plans.
Research conducted by DMS reveals that borrowers could save up to [pounds sterling]95 a year by switching their MPPI policy from top lenders such as Abbey National, Barclays, Cheltenham & Gloucester and Woolwich to policies arranged by brokers such as DMS, Good-fellows or Paymentshield.
DMS compared the MPPI costs of some the UK's top lenders. It found that the average monthly repayment on a [pounds sterling]75,000 mortgage is ...