Paymentshield Review

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1.5 stars
Average rating for this product is: 1.5 out of 5

From 0 ratings and 4 reviews

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FrankC's Review of Paymentshield

16th Jan 2009

Overall Rating

4 stars
  • Value for money
    4 stars
  • Type of cover
    Full Cover
  • Have you made a claim
    No
  • Customer Service
    4 stars
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

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Members' Comments onFrankC's Review

  • Sueshiner Rank: Lance Corporal on 3rd Feb 2009

    I agree with this review because...
    I recently bought a Paymentshield policy and he's right.