Written on: 16/01/2009 by FrankC
Good Points
The cost was well below the figure quoted by my mortgage lender, which meant i could afford it.
Bad Points
Paperwork!
General Comments
Apparently, according to someone i know who works in the mortgage industry, Paymentshield policies are sold by lots of mortgage lenders as part of their mortgage offer, but they place a "mark up" on the premiums to make a bigger profit.
By buying direct from an agents website (or through a mortgage broker) its possible to get the same cover for a lot less than the lenders charge