The assumption is often made that when people reach retirement age, if they are to move home it will be to downsize to a smaller and typically lower value property.
For many homeowners in later life moving home is a lifestyle choice, for example moving nearer to relatives or to a bungalow near the sea. Often this involves moving to a more expensive property.
Added by Mark Williams on March 29, 2011 at 16:00 — No Comments
Mortgage lenders are continuing to increase the set up fees that they charge for their fixed rate mortgage deals as consumers look to protect themselves from future base rate increases.
Added by Mark Williams on March 23, 2011 at 9:00 — No Comments
Added by Mark Williams on March 21, 2011 at 16:00 — No Comments
Recent research from Shelter has shown that an amazing one in four mortgage holders are unaware that interest rates are at an historic low of 0.5%.
In a survey of more than 1,500 UK homeowners, 25% believe current interest rates are either higher or the same than they have been in the past or simply don’t know.
Within the 25% who are…Continue
Added by Mark Williams on March 11, 2011 at 11:30 — No Comments
Legal & General Investment Management (LGIM) has forecast that the Bank of England will increase base rate to 1% by the summer, hitting nine out of ten mortgage borrowers.
Its research suggests that far more households are now exposed to rate hikes, estimating 90% of all mortgages in the UK are variable rates, up from 60% in 2007, and well beyond the FSA's estimate of 68%. LGIM warn that…Continue
Added by Mark Williams on March 10, 2011 at 8:00 — No Comments
Added by Mark Williams on March 3, 2011 at 12:30 — No Comments
Mortgage applicants who take the life insurance deal offered to them by their mortgage lender could be paying 50% more than they need.
Research has found that life insurance and mortgage protection products being sold by the country’s biggest mortgage lenders do not always offer the best value. In some cases, the research definitely points the finger at branch based advisers of pushing customers towards taking even more expensive options.
Using one typical…
Added by Mark Williams on March 2, 2011 at 10:30 — No Comments
I was trying to think how our friends on the headline desks at the tabloids would have titled this story, and I hope I have done it justice?
A landmark ruling by the European Court of Justice means that insurance companies can not discriminate on the basis of sex when calculating premiums.
Insurance firms had an opt-out of a gender discrimination directive due to the wide use of sex in deciding premiums but the UK must now implement the policy into law by December 21…Continue
Added by Mark Williams on March 1, 2011 at 15:30 — No Comments