Mortgage borrowers could overpay by £2,500 by not shopping around

Mortgage borrowers could be paying £2,500 more than they need to if they fail to refinance and allow their loan to revert to a lender's standard variable rate (SVR). According to research from L&C Mortgages, the amount borrowers could be overpaying has increased from £2,159 last year to £2,540 this year as average rates continue [...]