By admin on Wednesday, June 26th, 2019 in Uncategorised. No Comments
New figures released by the Association of British Insurers (ABI) and Group Risk Development (GRiD) show that the insurance industry paid out more than £5.3 billion in protection claims in 2018 – a £200 million increase year-on-year. The numbers also revealed that the number of claims paid surpassed 200,000 for the first time ever and […]
By admin on Wednesday, June 26th, 2019 in Uncategorised. No Comments
The Nationwide Building Society has published its latest review of the housing market which suggests that UK house price growth has remained subdued in April, with prices just 0.9% higher than the same month last year. Indicators of housing market activity, such as the number of property transactions and the number of mortgages approved for […]
By admin on Wednesday, June 5th, 2019 in Uncategorised. No Comments
The Bank of England’s Monetary Policy Committee (MPC) at its meeting ending on 1 May 2019, voted unanimously to maintain Bank Rate at 0.75%. The Committee’s updated projections for activity and inflation were conditioned on a path for Bank Rate that rises to around 1% by the end of the forecast period, lower than in […]
By admin on Sunday, May 26th, 2019 in Uncategorised. No Comments
The Financial Conduct Authority (FCA) has launched a call for input asking for feedback on its proposed approach to reviewing the Retail Distribution Review (RDR) which examined investment advice and the Financial Advice Market Review (FAMR). The FCA’s review will consider whether these initiatives have been successful in achieving their objectives. The review will look […]
By admin on Saturday, March 9th, 2019 in Uncategorised. 2 Comments
Only three percent of landlords are currently engaged in the informal short-term lettings market, according to research by the National Landlords Association (NLA). Of those landlords who do not offer short-term lets, an overwhelming majority have not considered entering it, with only 24 percent of respondents reporting to have considered it at some point. Short-term […]
By admin on Thursday, March 7th, 2019 in Uncategorised. No Comments
Drivers of fully automated vehicles should not be held liable for accidents involving their cars while the technology is in charge, the insurance industry is warning. The Association of British Insurers (ABI) has submitted its views to the Law Commission which is helping to work out how the UK will incorporate the rules currently being […]
By admin on Wednesday, March 6th, 2019 in Uncategorised. No Comments
Millennials could save a whopping £10.5 billion a year by making minor changes to their spending habits, new research from Barclays found. More than two-thirds (67 per cent) of millennials admit they don’t save enough – or anything at all – with new findings showing that the average 20-37-year-old spends £3,312.72 a year on takeaways, […]
By admin on Sunday, March 3rd, 2019 in Uncategorised. No Comments
The mortgage industry helped 370,000 people buy their first home in 2018, the highest number in twelve years according to UK Finance, the trade body for High Street Banks. It has highlighted competitive deals and government schemes such as Help to Buy continuing to boost the market. Homeowner remortgaging also saw strong growth driven by […]
By admin on Wednesday, September 13th, 2017 in Uncategorised. 2 Comments
House Price Increase According to the latest house price survey by the Halifax, the annual rate of growth increased from 2.1% in July to 2.6% in August with the average house price now £222,293, which is just above the previous high of December 2016 (£222,190). The Lender highlights that recent figures for mortgage approvals suggest […]
By admin on Sunday, July 2nd, 2017 in Uncategorised. No Comments
Cardboard Houses on CoinsProperty sales in 2016 were 7% lower than in 2015, according to the latest research from Lloyds Bank. There were 848,857 home sales in England & Wales in 2016, compared to 915,096 in the previous year. All regions saw a decrease in sales in 2016 compared to 2015, with the largest falls […]
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