More than two million UK homeowners could save £6bn by switching their mortgage payment protection insurance (MPPI) from traditional mortgage lenders to independent providers, according to research by Goodfellows brokers.
It believes that switching to insurance like its mortgageSAFETYNET product could save clients money.
In a study comparing the average cost the Goodfellows MPPI policy with those of the UK's top ten mortgage lenders over 25 years, the results showed an average saving of £2,775 per person.
Managing director Simon Burgess said: "For far too long mortgage lenders have been ripping off their borrowers. By simply seeking independent advice mortgage borrowers can save literally thousands of pounds over the lifetime of a mortgage."
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
