A lot has been going on in the property market of late. Mortgage rates are rising, house prices are falling, and many homeowners are feeling uncertain about the future. There are some sparks of good news to be seen amidst the doom and gloom, however. Inflation is finally falling – down from 6.8% in the
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Throughout 2023, it’s estimated that 1.8 million fixed-rate mortgage deals will expire1. With mortgage rates at their highest in 15 years2, many of those who remortgage will see their repayments increase sharply. Understanding your options You could get in touch with your lender, as they may have options available for homeowners who are struggling. For
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With mortgage rates at their highest since the 2008 financial crisis1, those looking to remortgage have more to think about than usual. Many whose deals are coming up for renewal will have agreed their mortgage at a time when Bank Rate was just 0.1%. Now, it stands at 5.25%. If your deal is coming to
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Research shows that a rising number of people are cancelling their protection insurance policies as the cost-of-living crisis continues to bite. According to research by Consumer Intelligence1, 8.2% of people have cancelled or reduced an insurance policy and 6.8% said they would consider cutting back in the future. Not the answer It is understandable that
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Over a third of tenants (34%) would be immediately unable to pay their rent from their savings if they lost their job, says Shelter1. Yet just 11% of renters have insurance to protect them financially if they couldn’t work2. Unlike homeowners, who are usually advised on the benefits of protection insurance when taking out a
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