Third of borrowers under pressure to buy insurance

A 2-year study revealed numerous problems in the sale of associated insurance sales linked to mortgages, an industry estimated to be worth £5.5bn per year. Capital Blue surveyed over 15,000 people who had recently completed mortgages and asked if they felt pressurised into buying additional protection products. The survey found 31% of respondents felt pressurised into buying at least one ancillary product. Building insurance was the product that was most likely to be sold under pressure, with 17% of respondents claiming they felt pressurised into buying. Pressure to buy life insurance w...