Swindon      01793 524444

Your Local Independent Specialist Insurance, Mortgage and Commercial Finance Advisors


Viewing entries tagged with 'protection'

Catering to the growing older population

Posted by MMB Finance Swindon and Gloucester on 31 August 2018

Tags: , , ,

The recent IMLA report ‘Bridging the gap: developments in later life lending to an ageing population’ suggests that the number of over-65 homeowners has increased by a half in the last 20 years, from 4 million to 6 million. Never have older borrowers had so much power over the property market, and whilst this market is thriving, it is also influenced by several different factors, including increased regulation as consumers increasingly buying for the first time in their late 30s or 40s.

Read the full post

Cohabiting couples urged to seek independent financial advice

Posted by MMB Finance Swindon and Gloucester on 15 August 2018

Tags: ,

Since the early 1970s, the number of people getting married has steadily decreased, dropping a further 3.4% last year. Nearly 98% of professionals from family justice group Resolution reported working with a cohabiting couple who they were unable to help, and a further 90% said the couples are often surprised to find out about their lack of rights.

Read the full post

Bank of England raises Bank Rate to 0.75%

Posted by MMB Finance Swindon and Gloucester on 3 August 2018

Tags: , , , , ,

Interest rates are now at their highest level since February 2009 when they were cut from 1% to 0.5%. The Bank cut the base rate to 0.25% in August 2016 before raising it back to 0.5% in November 2017. In its meeting, the MPC agreed that the economic dip in the first quarter was temporary, with momentum recovering in Q2.

Read the full post

How will changes to mortgage benefits affect protection payouts?

Posted by MMB Finance Swindon and Gloucester on 15 July 2018

Tags: , ,

Clarification from DWP about how pay outs from protection policies will be treated following changes to the Support for Mortgage Interest scheme. Support for Mortgage Interest had previously been paid as a free benefit covering the interest on mortgages for those claiming benefits such as pensions credit, income support and Universal Credit.

Read the full post

Mortgage holders put off switching to better rates

Posted by MMB Finance Swindon and Gloucester on 8 July 2018

Tags: , ,

Despite being in line to save up to £294 per month, nearly 60% of mortgage holders are put off switching due to "jargon-filled contracts", according to research. Which found that this lack of switching is costing consumers across the nation an estimated £15.5 billion a year. Additional polling found that more than half (52%) adults think they have overpaid for something because they signed a contract without fully understanding it.

Read the full post