You are here: Home - News -

Borrowers feel safer sticking with current lender

  • 26/03/2002
  • 0
Almost half of homeowners polled in a recent survey by Yorkshire Bank admitted they could save money...

Almost half of homeowners polled in a recent survey by Yorkshire Bank admitted they could save money on their mortgage by changing to an alternative deal, but felt safer staying with their current provider.

John Wight, general manager of business development at Yorkshire Bank, said: ‘Despite chopping and changing as our circumstances alter to make the most of our personal lives, this study has shown many of us do not approach our finances in the same way.’

The survey showed 28% of homeowners are constantly seeking a better deal and have no qualms about leaving their current lender to benefit financially.

Wight added: ‘It is encouraging that almost one in four homeowners claim they are always on the look out for the best mortgage deal, but the lowest rate is not necessarily going to save you the most money. These lenders may not allow overpayments, meaning in the long run, you pay more.’


There are 0 Comment(s)

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.


Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.


Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.


Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.
Read previous post:

igroup Non-standard lender igroup, part of GE Capital, has appointed Colin Sanders as its chief ex...