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Insurance

Ceta urges brokers to check home working clients’ insurance

Property insurance platform Ceta Insurance has urged brokers to check in with their clients to make sure their insurance policies cover them if they are working from home. Ceta pointed Office of National Statistics (ONS) data that showed, the number of people working from home increased from 27% in 2019 to 37% in 2021. Additionally, [...]
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Mortgage

Majority of self-employed say it is harder to get a mortgage

Almost two-thirds of self-employed individuals believe it is more difficult for them to secure a mortgage, according to Foundation Home Loans. The research, carried out by BVA BDRC on behalf of Foundation, also showed that three out of five self-employed people believed some lenders do not want to deal with them. Of those interviewed, 100 [...]
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Remortgage

Remortgage completions up 108%

The volume of remortgage completions rose by 108% in September, according to the LMS Monthly Remortgage Snapshot. Instruction volumes also increased, rising by 50% over the same timeframe. The overall cancellation rate rose by 0.43% to 5% and pipeline cases increased by 7% in last month.  Purchase search volumes hit lowest level since May 2020 [...]
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Mortgage

Average house price tops £250k as interest rate rises loom

The average price of purchasing a home rose by 0.7% in October taking the average price of a property past the £250,000 mark for the first time ever, according to the latest house price figures from Nationwide. The average price of a property stood at £250,311 in October with prices up by 9.9% when compared [...]
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Mortgage

Warning that mortgage costs could rise 13% by 2023

Homeowners are being told to prepare for a 13% increase in their mortgage interest costs by 2023 as rates are forecast to rise to rein back inflation. Expectations for rising mortgage interest costs predicted by the Office for Budget Responsibility (OBR) were buried in the Budget documents. They show that the OBR expects mortgage interest [...]
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news letter

News letter

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Interest rate

Interest Rate Rise: What Could It Mean For Your Mortgage?

The prospect of a rise in interest rates, perhaps by the end of this year, is looming large. But what it’s all about, and how could it affect you? Find simple answers to the most common questions below. What are interest rates now? The Bank of England base rate is currently pegged at 0.1%. It [...]
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Green home

UK government explores mortgages tied to ‘green’ home improvements

The government is exploring plans to link mortgages to green home improvements by imposing targets for lenders, to help decarbonise the UK’s ageing and leaky housing stock. Highlighting the move in its net zero strategy, published on Tuesday, the government said it was working with mortgage lenders to support homeowners in improving the energy performance [...]
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Personal and Family Protection

Personal and family protection

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Equity release

Equity Release

Large fall in equity release borrowers switching deal 0 Written by: Christina Hoghton 08/10/2021 There are many factors to consider when weighing up the value of switching an equity release mortgage, so it makes sense to take professional advice The pace at which lifetime mortgage customers are switching lender for a better deal has slowed dramatically, [...]
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