HAVE YOU PROTECTED YOUR INCOME? A report has revealed that only a quarter of working adults in the UK have an income protection (IP) policy. According to research from LV, only 27% of the working population have a financial safety net to protect their income if they are unable [...]
BOROWERS FAVOUR SHORTER MORTGAGE TERMS Data from the Bank of England shows that UK borrowers are currently favouring two-year fixed-rate deals. In Q2 of this year, half of new mortgages were two-year deals, with only 35% opting for five-year terms. Borrowers are probably hoping to remortgage to a cheaper [...]
RENOVATION OVER RELOCATION Millions of UK homeowners are choosing to renovate their existing home instead of moving. In England and Wales, about 1.7 million homes (one in 15 properties) have undergone significant renovation work. These homes are marked with ‘official improvement indicators’, showing that they have had major structural [...]
WHEN TO REVIEW YOUR LIFE COVER Life cover is designed to provide loved ones with essential financial protection when it is needed most. But it’s not just a one-off decision - it’s important to review and update your policy regularly, especially after experiencing any key life events that may [...]
RISING DEMAND FOR CHAIN-FREE HOMES AS STAMP DUTY DEADLINE APPROACHES As a result of changes to Stamp Duty announced in the last budget there has been a significant surge in demand for homes that are chain-free and the UK property market is buzzing as buyers seek a speedy move [...]
YOUNG ADULTS NEED LIFE INSURANCE TOO A recent report has found that most young adults in the UK do not have life insurance1, even though it is one of the most important financial products that you could have. Cost-of-living crisis Over half (51%) of adults aged 18-40 admitted they [...]
PARENTS UNPROTECTED AGAINST CHILD ILLNESS Recent research has found that 52% of UK working parents do not have a financial protection policy in place which would cover them if they had to take time off work to care for an unwell child1. Who is not insured? Interestingly, nearly two [...]
PREPARING YOUR HOME FOR VIEWINGS As confidence grows among sellers, many homeowners are preparing to put their property up for sale. Here’s how you can get your home ready for viewings. First impressions are vital when viewing a property, so make sure the front of your home is in [...]
CONSIDERATIONS FOR FTBS Getting onto the property ladder has always been a challenge, but perhaps even more so at the moment. A report has found that it is currently the most expensive time to be a first-time buyer (FTB) in over 70 years1. Managing monthly payments Higher mortgage repayments [...]
HOUSING MARKET - A SPRING UPDATE The first few months of 2024 showed some promise for a housing market which is stabilising following a challenging period for buyers and sellers alike. So, with spring well under way, how is the property market faring at the moment? Boost in buyers [...]
