This article is a bit of a shocker. 

Some 2 million mortgagors are over-paying on their monthly mortgage payments totalling nearly £10 billion a year.

The offenders are the Big 6 Banks which have nearly 70% of the market. 

It would appear that clients are not aware the Standard Variable Rate costs more than the Fixed Rates. 

I have to say that is counter-intuitive. You would always expect to pay more for a fixed - otherwise why bother with a variable? 

However, Banks are luring you in with teaser rates in the full knowledge that a large number of us will not bother to switch. 

It really does pay to check your mortgage payments. Has your fixed period lapsed? What are you now paying? There is a big market out there and I am certain you will find a better deal elsewhere.