Payment protection insurance (PPI) can no longer be sold at the same time you take out a mortgage, loan or credit card, under new rules that come into force on Friday.
Borrowers left with sky-high mortgage rates because they cannot switch home loan need extra protection to avoid potentially crippling bills, according to an advisory group.
House prices have recorded a monthly fall of 1%, as the ending of a first-time buyer stamp duty concession is likely to have dampened the market, a study said today.
Worried mortgage holders who want to cap their costs following the news over a million are set to be whacked with massive hikes have an alternative to simply taking out a new home loan.