Homebuyer's all over the UK are likely to be paying well over the odds for the life insurance they took out to cover thier mortgage - especially if they took it out with the bank or building society that lent them the money and didn't shop around first!
Ray Black MD of Money Minder said "When buying car or house insurance, people tend to shop around, unfortunatley most don't treat life insurance in the same way - but they should! A difference of £20.00 per month could add up to a saving of over £8,000 over a 30 year policy and I?m sure customers would prefer to keep that money for themselves rather than give it to the banks.?
