Are you paying too much for mortgage related insurance?

With Christmas just around the corner, consumer and personal spending is set to rise.

But for many people, the festive season could lend itself to some hidden yet welcome savings.

You may not realise it, but the amazing low rate mortgage you got from your bank or through your broker or estate agent could be a loss leader in order to get you to take out their expensive life assurance, critical illness cover, income protection or home insurance.

As the majority of mortgage providers are tied to a single company’s insurance products they are unable to offer you the best deals available, and sometimes the premiums have been increased to boost their commission.

Part of the Harrison Murray group, The Mortgage Advice Centre (TMAC) are not tied to any one insurance company and use most of the major UK insurers, meaning that you have a much wider choice of products available. What’s more, they have specially negotiated the premium rates which means that you may well get the same cover from the same company for a substantially lower premium.

Even if you have already arranged your mortgage through your bank or broker, don’t take out their insurance until you have checked the premiums with TMAC as they may be able to make you substantial savings each month. They may also be able to save you money on your existing insurances.

Contact your local branch of Harrison Murray to speak with your local TMAC adviser - harrisonmurray.co.uk.