LIFE INSURANCE VS INCOME PROTECTION Do you know the difference between life insurance and income protection? Life insurance Life insurance pays out a lump sum to your loved ones if you die during the policy term. You could either be covered for a fixed length of time (such as [...]
TOO MANY PARENTS OVERLOOK PROTECTION New data has found that many parents are overlooking protection when purchasing homes. Only 19% of parents actively planned for protection cover when buying their home. Despite this, the average parent thought that, if they suddenly lost their income, they would only be able [...]
TIME FOR A PROTECTION REVIEW With a new year upon us, now is the perfect time to take stock and review your protection policies. A lot can happen in a year and, as circumstances change, it’s essential to make sure your cover still meets your needs. Here are some [...]
GET MORTGAGE-READY THIS YEAR Hoping to move or remortgage this year? Here’s how to get mortgage-ready in 2026. Review your finances Now that the busy festive period is over, why not take this opportunity to organise your finances. Go through your bank statements and identify where you can reduce [...]
UK ADULTS AREN'T SUFFICIENTLY PROTECTED A survey has found that 30% of UK households would need to sell their family home if their partner or co-owner were to die unexpectedly. Affording mortgage repayments was the biggest financial worry in the event of an unexpected death, with 27% saying this [...]
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 SHOULD I START TO THINK ABOUT REMORTGAGING? You should start thinking about remortgaging around 3 to 6 months before your current mortgage deal ends. This gives you enough time get advice from a mortgage broker who will be able discuss the options available and secure a new deal without slipping onto [...]
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 [...]
