Yorkshire reduce Mortgage Protection Insurance rates
Yorkshire Building Society has announced that it will be reducing its Mortgage Protection Insurance rates (MPI) in a bid to help customers cope with rising living costs.
From March 1st both new and existing customers will be able to benefit from a reduction in premium of as much as 50p per month for every £100 of cover - something which will be most welcome in the current financial climate.
Rates for Accident, Sickness and Unemployment at 30 day excess, our most popular product, will drop from £6.06 to £5.56 per month for every £100 of cover. Rates for Accident and Sickness cover are also reduced, and existing customers with Unemployment Only cover will see lower premiums too.
Commenting on the new prices, Relationship Manager from Yorkshire Building Society Stephen Brownett-Gale said; "In the current climate our members need to know that we are working hard to ensure they are getting value for money. These cuts to premiums show our commitment to that.
"Someone for example with our ASU30 product with a monthly benefit of £900 would save £54 per year, or £4.50 each month. With living costs on the up, this saving will certainly help our members balance their home budgets."
The new rates will be affective across the Yorkshire and Chelsea brands.