Lcplc.co.uk - London & Country Company News Section
London & Country Information
Phone: 01225 341312
London & Country (L&C) is the UK's leading no-fee mortgage broker. Based in Bath, it provides whole of market advice via telephone and post to clients nationwide. As well as residential mortgages, it also specialises in the Buy-to-Let and adverse-credit sectors.
L&C is a Climate Neutral company and for the last seven years has invested in climate friendly projects and tree-planting to help offset its emissions and those of its customers. www.lcplc.co.uk/green
Richard Morea, Technical Manager
Office: 01225 341312
Mobile: 07970 885168
David Hollingworth, Head of Communications
Office: 01225 341211
Mobile: 07710 634044
There has been a positive start to 2010 in terms of the mortgage deals available to borrowers. Not only have the major lenders competed with one another to offer best buy mortgage deals but some of the smaller lenders have also been keen to flex their muscle in the market.
Research recently conducted on behalf of Friends Provident revealed that nearly half (24million) of people in the UK have no life insurance in place to cover loss of income through illness or death of a breadwinner. Even those with cover would be underinsured by an average of £14,500 per year.
Many consumers may be able to save money on the cost of their life insurance but simply don't get round to finding out if this is the case. L&C have launched an online calculator designed to help these people find out quickly if they could save.
The start of a new year is when many smokers resolve to quit their habit for health reasons. However, there are also financial gains for doing so. Not only will those who quit benefit from a substantial cut in expenditure from the cigarettes themselves, but once they have not smoked or used tobacco or nicotine products for 12 months.
Axa has enhanced its critical illness plan by reducing premiums and improving definitions. Enhancements include low-grade prostate cancer cover, enhanced children's cover and premium reductions where Axa is unable to cover certain individuals for cancer and multiple sclerosis.
London and Country research shows that 78.3% of customers visiting their website use the online mortgage tools to help find the best mortgage deal.The London and Country customer monitor has indicated that over 90% of their customers have opted for fixed rate mortgages in the last 4 months.
L&C, the Ukís leading no fee mortgage broker, have launched a free online calculator to help borrowers find out in under a minute whether they could save money by switching their current mortgage deal.
Homeowners often fail to review their life Insurance when searching for the cheapest mortgage deal, but with both the cost of cover and their mortgage balance having fallen, many could make substantial savings just by switching life insurance providers.
Whilst we all know that taking out a mortgage is a major financial commitment, many people do not have sufficient or appropriate life cover to protect them and their mortgage in the event of death or illness.
CML reported an increase in mortgages for home purchase in May, up 4% from the previous month. Fixed rate deals continued to take an increasing proportion of new business as borrowers undoubtedly looked to protect themselves against possible interest rate rises in the future.
Even under normal conditions itís difficult to decide whether to take a fixed or a variable rate mortgage, as itís hard to predict what interest rates will do next, but due to the current economic climate, itís even more difficult right now.