Author Archives: Ian Le Petit

som mortgage holiday extension

Re-mortgaging and the extension of payment holidays

Towards the end of May the Treasury confirmed that mortgage payment holidays could be extended for a further three months. (1)  Christopher Woolard, interim chief executive at the FCA, said: “The measures we have confirmed today will mean anyone who needs to can get help from their lender, if they are still struggling to pay […]

Morgage Covid advice

Specialist Mortgage Advice and Covid-19

As the lockdown period caused by the Covid 19 continues the mortgage and housing market continues to be hard hit. Forbes reported that the “property portal Zoopla has suggested that around 373,000 property purchases, worth an estimated £82 billion, are on hold because of coronavirus. It expects completed sales in 2020 to be half those […]

Virus

FCA advice to lenders for Coronavirus

In the wake of the Coronavirius Covid 19 outbreak the Financial Conduct Authority (FCA) published advice for lenders operating in the current climate. This was designed to ensure that customers remain supported and protected and that those working on mortgage provision were clear about what the FCA expected of them. One of the main areas […]

Remorggae in Covid

Re-mortgages and Coronavirus

With many people either furloughed from their jobs or working from home with time to think about the future, one of the main areas that is being contemplated is re-mortgaging. According to What Mortgage Magazine, online searches using the term ‘re-mortgage’ have risen by 60% in the second half of March as more customers search […]

image1 (6)

The Future of Life Insurance

Customers’ requirements from their insurance policies have changed considerably in recent years. We have talked before about the impact of medical advances on how providers respond to people’s health circumstances. The fact that we are all living with previously life-threatening conditions and living longer overall means that we need to be covered in circumstances where […]