03-09-2007
Many Britons renew mortgages and insurance in September
September is one of the most popular months for mortgage and insurance renewals, according to new research.
A study by Abbey Mortgages reveals that homeowners are set to spend more than half a million hours researching their next mortgage deal during the month.
In addition to mortgages, consumers are planning to renew various insurance products throughout September, with 2.3 million saying they will renew home contents insurance, 2.9 million to tackle car insurance and 1.8 million handling home buildings insurance.
The total amount to be spent on these combined renewals could add up to £2.1 billion, Abbey claims.
Nici Audhlam-Gardiner, Head of Mortgages at Abbey, said that homeowners who are looking for a good September mortgage deal should take the time to shop around.
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