Borrowers 'pressured to buy lenders' insurance'

The survey also found over 80% of consumers buy home insurance from their lender because it is convenient, rather than being good value for money. Gocompared.com’s survey found 20% of homeowners bought home insurance from their mortgage lenders, with 12% saying they felt under pressure to buy or believed it was compulsory to buy insurance from their lender. Hayley Parsons, chief executive of Gocompared.com, comments: “We know that mortgage deals have been harder to secure of late but we really don't want to go back to the bad old days when customers were often under pressure to buy the le...