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Mundic property owners get GI deals

The mundic property market is at last to have access to a range of general insurance from a Cornwall broker specialising in the area.

Identifying a hole in the mundic market, Prior & Co Insurance Services is offering home and contents ins-urance specifically for this niche area serving homes built of mundic – a Cornish building material made from mining waste deemed unsafe for construction by many surveyors.

Principal Lee Prior says he had the idea after reading an article in Money Marketing about Mundic Home Loans founded up by mortgage broker Gary Martin.

Martin provides lending services for buyers frustrated at being blocked by mainstream providers from getting loans on their mundic homes.

The two brokers believe they are the only people in England to offer financial services specifically catering for the mundic prop-erty-owning community.

Prior says: “We persua-ded a major broker to app-roach Lloyd’s and are been offering mundic general insurance.”


Buy to let sector continues to post growth

The buy-to-let sector is continuing to grow despite slowing down in 2004, according to the latest survey from the Council of Mortgage Lenders. In the second half of 2004 new lending had dropped by 18 per cent from 12 billion in the first half of the year to 9.8 billion.

Mortgage edge: Peter Beaumont

Last week’s headline, Lenders to be named and shamed by BM, caused a few raised eyebrows in the industry, not because of the nature of BM Solutions’ latest initiative but because of an overwhelming sense of deja vu.

UK housebuilders remain a value trap – despite post-Brexit falls

By Mark Martin & Holly Cassell, Neptune UK Equities As investors continue to digest the UK electorate’s vote to leave the EU, Neptune’s Mark Martin and Holly Cassell explain why they believe housebuilders remain dangerously overvalued Click here to view full article Important information  Investment risks  Neptune funds may have a high historic volatility rating and […]


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