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 Uk’s 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.
L&C’s October survey of people arranging life insurance through them showed 44% of people were over the age of 45. This is despite the fact that life insurance gets more expensive with age.
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.
London & Country Mortgages, the UK’s leading fee free mortgage and protection broker are looking to educate consumers about the importance of life insurance.
With the Bank of England Rate remaining at an all-time low of 0.5% in August, now could be a good time for many borrowers to consider an offset mortgage.
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.
With the Bank of England Rate remaining at an all-time low of 0.5% in August, now could be a good time for many borrowers to consider an offset mortgage.
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 it’s difficult to decide whether to take a fixed or a variable rate mortgage, as it’s hard to predict what interest rates will do next, but due to the current economic climate, it’s even more difficult right now.
L&C Mortgages, the UK's largest mortgage broker has calculated that its commitment to no fee, whole of market broking saved its customers at least £5.9m in broker fees in 2008.
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