Swindon      01793 524444

Your Local Independent Specialist Insurance, Mortgage and Commercial Finance Advisors

Blog

Viewing entries tagged with 'protection'

FCA introduces new pricing rules to insurance market

Posted by MMB Finance Swindon and Gloucester on 9 June 2021

Tags: , ,

The FCA has implemented a package of remedies to improve competition and protect home and motor insurance customers from loyalty penalties. This includes new rules so that renewal quotes are not more expensive than they would be for new customers. These measures address the issues identified in the FCA’s September 2020 market study, which found that millions of customers lose out if they renew repeatedly with their current providers. In 2018, 6 million loyal policy holders would have saved £1.2 billion had they paid the average price for their actual risk.

Read the full post

People insure their pets but not themselves

Posted by MMB Finance Swindon and Gloucester on 5 May 2021

Tags: ,

People are 3 times more likely to have insurance for their pets’ health as they are to have critical illness cover for themselves, a survey has found. Some 18% of people surveyed have taken out pet insurance while just 6% have critical illness cover. It suggested the volume of new pets being acquired during coronavirus lockdowns may have encouraged people to purchase protection for their animals.

Read the full post

Borrowers 'more likely' to seek financial advice in a post-Covid world

Posted by MMB Finance Swindon and Gloucester on 17 April 2021

Tags: , , , , ,

UK borrowers who have been financially impacted by the Covid-19 crisis are likely to seek mortgage advice, according to Legal & General. Its latest research uncovered three in five borrowers (60%) whose financial circumstances have changed and 50% of borrowers who have not seen a change to earnings say that it will be important to seek advice when looking for their next mortgage.

Read the full post

26% missed a mortgage payment due to illness

Posted by MMB Finance Swindon and Gloucester on 22 March 2021

Tags: , ,

26% of homeowners have missed a mortgage payment due to falling ill or having an accident, and one in seven (14%) say this has happened more than once, according to research from. 34% of respondents said they have had to take four weeks or more off work due to accident or illness. As a result of this, almost half (47%) said they needed financial support to help them meet their mortgage repayments. Three in five (61%) took four weeks or more off work to care for themselves, while 19% cared for their partner and the same number (19%) to care for a family member. 17% took time off to care for their child(ren). The research also found that almost half (47%) of respondents with a mortgage currently have no mortgage financial protection in place, despite 43% saying they are concerned about making their monthly mortgage repayments and 40% having no savings to fall back on. One in seven (14%) admitted to regretting not having any mortgage protection in place.

Read the full post

Making home insurance a priority during the Covid-19 housing market boom

Posted by MMB Finance Swindon and Gloucester on 7 December 2020

Tags: ,

The housing market has bounced back however, difficult economic conditions and job insecurity mean purchasing a house is still no mean feat. Which is why it’s surprising that some consumers haven’t learnt the value of protecting their home with the right insurance.

Read the full post