As you go through life, things change. You might get married, have children, change jobs, or retire. These changes can impact your finances, and they can also impact your life insurance needs. That's why it's important to regularly review your life insurance policy to make sure it still meets your needs. In this blog post, we'll discuss the importance of regularly reviewing your life insurance policy and when and why you should reassess your coverage.
The Bank of England is raising interest rates for an 11th consecutive time after a surprising rise in the rate of rising prices. After a meeting of the Monetary Policy Committee, the Bank rate is up from 4% to 4.25%.
Critical illness cover is a type of insurance policy that provides financial protection if you are diagnosed with a serious illness. It can provide a lump sum payment that can be used to cover medical expenses, pay off debts, or cover living expenses while you are recovering. In this post, we will explore what critical illness cover is, how it works, and why it is an important consideration for anyone looking to protect themselves and their family from the financial impact of a serious illness.
If you're looking to secure commercial finance for your business, you'll need to build a strong business case to persuade lenders to invest in your venture.
When building a strong business case for commercial finance, it's important to not only focus on the strengths of your business, but also address any potential weaknesses or risks.
As a property investor or landlord, safeguarding your investment is of paramount importance. One of the most essential aspects of this is ensuring you have the right building insurance in place. This comprehensive guide will delve into the intricacies of building insurance for landlords and help you make the best decision when purchasing landlord insurance. As always, Steel and Co. Financial Services is here to help you navigate this complex landscape, providing you with the expert guidance you need.
Interest rates have been increased to 4% by the Bank of England today but gave reassuring comments that borrowing costs may be at their peak although this won't be as good news for those seeking to re-mortgage or in need of a loan in the coming months and it may be some time before we see a lower mortgage rate.
The current climate has seen a tightening of the mortgage lending market.
According to the Bank of England, mortgage lending hit its lowest point since 2016, with the exception of the pandemic. The affordability of property has been impacted by increased borrowing costs, leading to a decline in lending. However, there is a glimmer of hope as the number of mortgages approved by lenders has risen slightly, indicating that the slowdown may be stabilizing.
Buying a home is one of the biggest financial commitments that you will make in your life. It is a decision that will have a significant impact on your lifestyle, your future financial prospects, and your personal happiness. Therefore, it is essential to be well-informed, prepared and to seek professional advice before embarking on this journey.
When it comes time to renew your mortgage, it's important to take a close look at your current financial situation and evaluate your options. If you're mortgage is due for renewal and you're wondering where you should turn, here are 10 tips to help guide you through the process of renewing your mortgage (Spoiler: Tip 10 will let you skip all the other steps!
As a homeowner, protecting your property and possessions is a top priority. One of the best ways to safeguard your home and belongings is through home and contents insurance. But with so many different policies available, it can be difficult to understand exactly what is covered and what isn't. In this blog post, we'll explain everything you need to know about home and contents insurance.
As a homeowner in the UK, your home is likely to be your most significant investment. It provides a sense of security, comfort, and shelter for you and your loved ones. However, it's important to protect your investment from unforeseen circumstances that could result in financial loss. One of the most effective ways to do so is by obtaining home insurance. In this blog post, we will discuss the importance of home insurance in the UK and why it's crucial to protect your biggest investment.
Many people are likely to remain in their jobs even during the current recession, which leads Britain’s property appraisers to expect that there will be a downturn in the housing market, but they don't believe it will be too deep or long.
The outlook from the Royal Institution of Chartered Surveyors follows two of the nation’s biggest mortgage lenders and three months of declines in house prices recorded.