A survey has indicated that many young adults are ill-informed about insurance, as 53% of 18-40 years olds do not know the purpose of critical illness cover1. In fact, 29% admitted they did not even know what it was.   Once critical illness insurance was...

Getting onto the property ladder continues to be a challenge for younger generations, as 63% of first-time buyer (FTB) mortgage completions1 are in two or more names.   The cost of buying a home is significantly more expensive than a decade ago for the average...

According to a recent report, over a third1 of homeowners do not have life insurance, thus potentially leaving their family in the lurch if they were to pass away. Renters are risking it even more, with only 29% of tenants saying they have life cover.   Why are...

The start of the year showed promise for the housing market, as house prices are increasing month-on-month.   Prices rose by 0.7% between December and January, bringing the average house price to £257,6561. The annual rate of growth is continuing to recover,...

When buying a house, a property survey can seem like one more cost among many. But getting the right survey is more than a burden - it can be crucial to ensuring you are paying a fair price.   A property survey helps you check that everything is up to scratch,...

Only 2 in 10 UK homeowners have income protection1, even though it’s likely to be needed at some point in a person’s life. Take a 35-year-old woman who is a non-smoker – for her, there is a 4% chance of death, but a 34% chance that she will be unable to work for 2...

Having barely shifted since last autumn, many analysts expect that interest rates may start edging down. What will that mean for mortgage borrowers and anyone looking to remortgage?   Time for a fall? Most analysts agree that interest rates have peaked but there...

The Bank of England (BoE) kept Bank Rate at 5.25% following the latest meeting of the Monetary Policy Committee (MPC) in February.   Bank Rate unchanged Having risen to 5.25% in August 2023, the MPC voted to freeze Bank Rate for a fourth consecutive meeting in...

Property experts anticipate an upturn in UK house prices this year, with Pantheon Macroeconomics estimating a 5% increase.   This is welcome news for the property market, as prices fell by 1.8% over the course of last year1due to depleting buyer demand. Knight...

Last November, home sellers were accepting offers that were an average of 5.5% less than the initial asking price¹ – the highest discount in five years.   Property portal Zoopla attributed these price cuts to higher mortgage rates which were deterring potential...

In a survey of UK workers, 37% of respondents thought life insurance and income protection cost more than they actually do¹.   This is a significant oversight considering that 40% stated that affordability was key when deciding on a policy. Those surveyed estimated...

First time buyers (FTBs) seem to be struggling to get onto the property ladder independently, as 12% relied on financial support from family members to purchase a home in November 2023¹.   Despite the government’s efforts to help FTBs with initiatives such as the...

Death rates are still higher than pre-pandemic¹ levels, yet 48% of adults aged 18-40 do not have life insurance. This puts many in a precarious position, as the unfortunate reality is that the cost of dying is high.   Research has found that, in Great Britain, a...

Some leading experts have suggested that the Bank of England (BoE) could be forced to bring forward its first planned interest rate cut sooner rather than later in 2024 if inflation drops to 2% by April. Chief economist at Oxford Economics, Andrew Goodwin has...

After prospective and existing mortgage borrowers had a tough year in 2023, there looks to be good news on the horizon. In 2023, the cost-of-living crisis squeezed household budgets. Higher interest rates put pressure on those looking to take on mortgages for the...