by A553tH4rbour | Jul 22, 2022 | Life Insurance
A record £6.8 billion was paid out in individual and group life insurance, income protection and critical illness claims in 2021, according to the latest figures from the Association of British Insurers (ABI). This equated to £18.6 million a day, £1.6 million a day...
by A553tH4rbour | Jun 29, 2022 | Interest Rates, Mortgages
First-time buyers may get a boost from the recent announcement that the Bank of England will no loner expect lenders to check if they can afford mortgage payments at higher interest rates – but experts do not expect it to lead to a mortgage free-for-all. From 1...
by A553tH4rbour | Jun 26, 2022 | Interest Rtaes, Mortgages, Stamp Duty
Mortgage lenders are expecting the housing market to return to pre-Covid-19 patterns this year after the chaos of 2021. The housing market has felt a little like the wild west over the last year with tales of fierce competition, outbidding and gazumping as people...
by A553tH4rbour | Jun 16, 2022 | Interest Rates, Mortgages
The Bank of England has increased the base rate by 25 basis points to 1.25% The increase marks the fifth base rate rise since December 2021 after a decade of historic lows. The Monetary Policy Committee minutes say that UK GDP was weaker than expected in April, partly...
by A553tH4rbour | May 3, 2022 | Interest Rtaes, Uncategorized
The ever-tightening cost of living crisis and soaring inflation (which stood at 7%in the 12 months up to March ) is fuelling the likelihood of more interest rate rises this year – putting further pressure on the monthly budgets of millions of mortgaged UK homeowners....
