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Payment Protection Insurance
broady70
Posts: 4 Newbie
Hello, I am looking for PPI for my millstone mortgage and two loans. The total outstanding is £85,000 for the mortgage and paying £ 67 per month for critical illness cover a loan for £12,100 with no cover and the other loan for £8,100 for which we are paying £52 per month for critical illness cover.
So in total we are paying £119 per month in insurance.
on only two items
We must be able to get it cheaper so I've come on here to ask the experts! Any advice please
So in total we are paying £119 per month in insurance.
on only two itemsWe must be able to get it cheaper so I've come on here to ask the experts! Any advice please
0
Comments
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Any advice please
Board is not authorised to give regulated advice. So, you just get opinion and comment.
You can almost certainly get it cheaper. However, it really depends on whether you want dirt cheap with lower quality or decent quality policies or somewhere in between depending on your budget. It also depends on how you intend to buy the policies are not all versions are available on all distribution channels. i.e. quote portals tend to cherry pick certain types of insurance and totally ignore others which may be better.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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