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One in five FTBs rely on family rather than MPPI

One in five first-time buyers say they would rather rely on friends and family to pay their mortgage than take out payment protection in the event of losing their jobs.

This apparent lack of faith in mortgage payment protection products comes as research by the Post Office shows that half of first-time buyers could only pay their mortgage for six months if they lost their job. Almost the same percentage, 45%, don’t have any form of MPPI.

The Post Office says with the average deposit for a house at £11,000, many buyers are overstretched financially.

Claire Oldstein, head of marketing at the Post Office, says: “First-time buyers tend to overstretch but must consider what they would do if they lost their jobs. They are unlikely to have a big enough rainy day fund to rely on.”


Hamptons’ business rockets by 87%

Hamptons Mortgages has reported a whopping 87% rise in business over the last three months compared to the same period last year. June, July and August saw record- business at the London-based brokerage, coinciding with rocketing gross mortgage levels across the industry – the Council of Mortgage Lenders reported gross mortgage lending of 30.4bn for […]

Review: The Temple Sessions

If ever there were proof that art and finance can mix it can be found in the songs of Andrew Montlake. A Neil Diamond of his day, Montlake sings of romance and casual liaisons. Unlike many of today’s musicians, Montlake plays his own instruments and the gentle strumming on the guitar conjures up a summery […]

Pink to launch 12th survey

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Platform to sponsor em- birthday celebrations

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Don’t play chicken with the Bank of Japan

By Josh Ausden, Head of Client Investment Strategy, Neptune Short-term yen strength has hurt the Neptune Japan Opportunities Fund but recent events have only added weight to our conviction that the Bank of Japan will act to ease policy, boosting multinationals’ profits and weakening the yen. In recent weeks the performance of the Japanese stockmarket […]


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