Understanding the Value of Protection
Understanding the value of protection Working out the difference between life insurance, critical illness, income protection and buildings and contents insurance can be difficult, especially when they are wrapped up in the blanket term ‘protection’. While it’s easy to presume there is an overlap and that an individual policy for each one isn’t necessary, they […]
Premium for top university city homes
The higher-than-average house price growth in top university cities is making it difficult for talented individuals to stay on and work locally after graduation. Research4 has shown that in the period 2009 to 2018 house prices in London have risen 76.3%, in Cambridge 73.4% and in Oxford 66.8%. This represents growth 25% higher than the national […]
Too stressed to move home?
What’s putting you off moving? Setting aside a sluggish property market, it seems that, for many of us, it’s the thought that the process is just too stressful. The costs, finding a new mortgage, lack of certainty about a new area or a fear of the unknown has put off 60% of homeowners1 placing their current […]
Leasehold homes – what you need to know
In the UK, flats are commonly owned on a leasehold basis, while houses are normally sold as freehold properties. Many leases are granted on a 99-year basis, while some can run for as long as 999 years. If you buy a leasehold property, you’ll own the property but not the land it stands on. […]
Long-term mortgages – a boon or a burden?
Traditionally mortgages were for 25 years, but nowadays many loans on offer have a standard maximum term of 40 years. Longer-term mortgages have the advantage of lower monthly repayments, making them more affordable, especially if you are struggling to get onto the housing ladder. However, the downside is that by the end of the term, […]
In the news…
SELF-STORAGE INSURANCE CONCERNS Some home insurance policies provide cover for ‘items temporarily removed’ from your home, although there may be a time limit, typically 30 to 90 days, and you need to inform your insurer when you deposit items in a storage facility. MPs have raised concerns about the insurance policies that storage companies insist […]
Housing shortage creates downsizing problems
For those who didn’t manage to save enough to fund their retirement, or find their existing home is too big and expensive to run, downsizing can be the answer. You sell your home, move to a cheaper one and live off the money you’ve made. However, recent research1 has shown that there is a shortage of […]
What homebuyers regret
Although most people are happy that they made their move, some buyers admit to having made the wrong choice. Regrets include being too far from friends and family, compromising on location, finding the neighbours a problem, choosing the wrong-sized property and discovering that their new home had hidden and expensive-to-fix problems when they moved in. […]
How much of your home do you own?
Although you may have purchased a property, how much of it do you actually own right now? It’s estimated that at point of purchase the average UK buyer in effect, owns the equivalent of the kitchen and a bathroom. Thinking of moving? If you’re contemplating your next house move, then you’ll need to work […]
Should you remortgage?
Over the last few years, we’ve all got used to shopping around for the best prices available on major household bills such as energy supplies and it makes sense to adopt the same approach when it comes to your mortgage. Reaching the end of your deal When your fixed-rate deal ends, your lender automatically […]