We all know that we should be switching financial products for a better deal, potentially saving ourselves thousands of pounds a year. But do we have time to do this?
Certainly some products are easier and less time-consuming to switch than others. Gocompare.com questioned people who have shopped around for financial products in the last month about their experience. It found that home insurance, car insurance and ISA or savings accounts are the easiest financial products to switch.
Mortgages came bottom of the list, after broadband and phones, with only six out of ten saying they found switching their mortgage easy. But that’s still the majority, and as a mortgage is the biggest financial commitment that most of us take on in our lifetimes, we must devote time and energy to getting the best deal.
Yes, interest rates are at rock bottom, but this doesn’t mean that you’re getting a good rate.
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