The average home-buyer could save £2,500 over the lifetime of their mortgage if they switch mortgage payment protection insurance (MPPI) away from their lender.
A survey conducted on behalf of Goodfellows compared the MPPI policies of the top ten UK lenders and found the average monthly repayment on a £75,000 mortgage to be £479 and the average MPPI rate to be £6.04 per £100 of monthly cover.
Over 25 years this represents a total MPPI cost of £8,679. This compares with an average rate from the top ten MPPI brokers (by sales volume) of just £6,165.
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.
