CONSIDERING CHOOSING A 'MAMMOTH' MORTGAGE? A standard mortgage used to run for 25 years but there is a growing trend for so-called ‘mammoth’ loans spread over up to 40 years as first-time buyers and movers opt for lower monthly payments. A dramatic increase According to UK Finance, the last [...]
PAYOUTS AND POLICIES RISE IN 2022 Insurers supported people experiencing bereavement, illness, or injury to the tune of £6.85bn in 2022, according to latest figures from the Association of British Insurers (ABI). Upwards trend This total includes payouts from group and individual protection policies. Individual policies paid out £4.64bn [...]
PROTECT YOUR BIGGEST INVESTMENT WITH INCOME PROTECTION Buying a property is the biggest purchase most people will ever make and mortgage repayments tend to be most homeowners’ largest monthly expense. Despite this, many don't back up their investment with the right level of protection. If you were to fall [...]
'SQUEEZED MIDDLE' FALLING SHORT ON COVER Fewer than half of households have enough life cover to protect their family, according to new research1 that reveals a worrying gap for the “squeezed middle.” While 44% of households have enough life cover to protect their family, the figures for those aged [...]
FTB'S JOIN FORCES FOR A MORTGAGE The stereotypical picture of applicants for a joint mortgage is a married couple or civil partnership bringing together their finances and committing their future to one another. Increasingly, however, a new type of buyer is resorting to joint mortgages: first-time buyers (FTBs) struggling [...]
FIRST-TIME BUYERS: FIVE MORTGAGES TO HELP YOU ONTO THE PROPERTY LADDED - WHAT MORTGAGE Options for first-time buyers, especially those of you with a small deposit, may seem thin on the ground. But, in fact, there’s an innovative array of mortgages which can help you access homeownership. Kate Saines [...]
LIFE INSURANCE FIRST TIMER? Getting life insurance for the first time can seem daunting. Having to think about something as significant as how your loved ones will cope financially once you are no longer here can be quite overwhelming. We’re here to help break things down and help you [...]
WILL UK MORTGAGE RATES GO DOWN IN 2023? - TIMES MONEY MENTOR UK mortgage rates are on the rise amid fears of further interest rate hikes. We look at today’s average deals, what’s happened in recent days and if mortgage rates will fall in 2023. The UK mortgage market [...]
REMORTGAGING HOMEOWNERS URGED TO SEEK ADVICE AMID 'FRAGILE' MARKET Borrowers reaching the end of their fixed rate deals are being urged by a top industry body to speak to a whole-of-market broker to get advice as the mortgage market remains ‘fragile’. The advice comes from UK Finance as it [...]
UK HOUSE PRICES EXPERIENCE ANNUAL FALL FOR THE FIRST TIME IN A DECADE, DATA SHOWS - THE GUARDIAN Price of average home in May was 1.1% lower than in same month last year, according to Halifax figures. UK house prices have experienced their first annual fall in more than [...]
