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...
