Month: February 2024

Property experts anticipate an upturn in UK house prices this year, with Pantheon Macroeconomics estimating a 5% increase.

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.

Have you managed to stick to your new year resolutions? Undertaking a protection and mortgage review should be top of a financial to-do list for the coming year. But don’t worry if you haven’t tackled this task yet, just try to make it a priority in the coming months.

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 first time, remortgage, or switch deals. According to UK Finance, more customers were in arrears on their mortgage payments than in 2022 (up by 30%) due to extra pressure on their finances, although it should be noted that the total number in arrears represents only around 1% of total outstanding mortgages in the UK.

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.