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Direct Line launches mortgage service

Direct Line has launched a package combining mortgages, home insurance and home emergency cover in a three-in-one online and telephone deal.

DL says the offering, called Living for Less, is based on research that shows that more than two fifths of Britons dont shop around for a mortgage.

Direct Line commercial director David Allan says: “Customers are increasingly looking for hassle-free financial products that save them both time and money. Living for Less is a unique mortgage package that does exactly that.”

The research from YouGov found that, when taking out their last mortgage, eight in ten Brits contacted just three mortgage providers or less, with 60% thinking the process takes too long and 36% thinking the process is too complicated.

A third of those aged 30-50 said they found the process too complicated, compared to over half of 18-29 year olds, which gives an interesting insight into the first time buyer market.

Living for Less also offers free legal and valuation fees for those remortgaging – making it the one of the best deals in the market in terms of the true cost and repayment over a two year period.

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