More time spend researching holidays than mortgages
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Evidently UK residents are willing to spend more time researching their holiday than their mortgage. While 36% of Brits spend more than 10 hours researching a leisure trip, only 22% would be wiling to spend this amount of time on finding the best mortgage deal.
Is this a rational use of time? I don’t think so. Finding a good mortgage deal could save you thousands of pounds a year. You may have to change mortgage every two to three years to ensure you find the most competitive product but think of all the extra holidays you could afford with the savings in interest repayments. I do appreciate that it’s probably more fun to do travel than financial research but doing thorough financial research and yes that does mean reading through the small print. is a good investment of your time.
