Jake Carter

Gender protection gap revealed as men’s cover nearly double women’s

The divide in average protection sales between men and women reveals a significant gender gap in cover, according to data collected by Iress The average sum assured over a three-year period for critical illness cover for men was £10,985.88, while for women it was £5,790.17. Looking at life and critical illness cover, men were assured […]

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Mortgages with 40-year terms rising in popularity

Mortgages with the option of a 40-year term is rising in popularity, according to data collected by Moneyfacts. The research shows that the number of products with a 40-year term option increased from 1,217 in June 2014, to 2,744 in June 2019. This represents an increase from 41.54 per cent to 54.98 per cent of […]

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Boris Johnson’s tax proposal “twice as good for landlords”

Boris Johnson’s proposal to raise the 40 per cent tax threshold to £80,000 would be of particular benefit to landlords, according to financial commentator Paul Lewis. The significant loss to the treasury through tax normally collected on earnings of £50,000 would be offset by a rise in the NIC upper earnings limit to the tune […]

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L&G launches rental protection product with Mortgage Advice Bureau

Legal & General has announced the completion of a rental protection plan pilot, carried out in conjunction with Mortgage Advice Bureau. According to the firm, it is the first major protection provider to develop a protection product specifically for the private rented sector. The plan offers the choice of three products: ‘rental income protection benefit’, […]

SimplyBiz expands DB transfer referral panel

SimplyBiz has added independent firm Onvestor to its defined benefit pension transfer referral panel. According to the firm, the panel offers solutions to advisers who do not operate in the defined benefits transfer market, however, are required to meet the needs of their clients. The panel is part of the firm’s ‘SimplyRefer’ proposition, which includes […]

Nationwide first ‘big six’ lender on new MoneySuperMarket tool

Nationwide has announced a new digital mortgage product switch comparison service with MoneySuperMarket and fintech firm Podium. Nationwide is the first mortgage lender to pilot a digital comparison to completion mortgage journey on MoneySuperMarket’s new tool, the details of which Money Marketing sister title Mortgage Strategy revealed in early April, the lender says. The service is currently […]

Foundation research reveals tax specialist opportunity

The increasing use of limited companies by portfolio landlords is opening up the opportunity for mortgage advisers to develop relationships with tax specialists, according to research from Foundation Home Loans. Figures collected by the lender show that 62 per cent of portfolio landlords use a tax adviser, while 54 per cent of all landlords use […]

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FCA shines spotlight on intergenerational fairness

The FCA is seeking views from firms, consumers and other interested parties on intergenerational fairness after releasing a paper on the topic. The report seeks to identify the differences in the financial straits between baby boomers, generation X and millennials, and includes a focus on the housing market and property wealth. The difficulties which face […]

House price inflation weakest since 2012

House price inflation in UK cities has seen its slowest growth since May 2012, according to Hometrack, coming in at 1.7 per cent. Prices in the capital have marginally risen in the year to March 2019, increasing by 0.1 per cent. Meanwhile, the remaining six southern cities covered in the analysis have all recorded their […]