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Aviva extends CI deal for children up to age of 21

Aviva has extended its critical-illness cover to protect consumers’ children up to the age of 21 if they are still in full-time education.

Previously, the provider would cover children under the parent’s CI policy up to the age of 18.

In July, Aviva increased the maximum child CI benefit from £20,000 to £25,000. This is an additional benefit, meaning the policy will still be in force following a claim for a child.

Aviva chief underwriter Robert Morrison says: “If a parent needs to take time off work to care for a child who is seriously ill, the additional child CI benefit can offer some financial support, without affecting the sum assured. This can be a great comfort to the family at a very stressful time.”


Society and mutual lending reaches £3bn

Gross mortgage lending by building societies and other mutual lenders was £3bn in October, up by 29 per cent compared to the £2.3bn completed in October last year. The Building Societies Association says mutuals accounted for 24 per cent of gross lending in October, up from 19 per cent in October 2011. Gross lending to […]

First-time buyer numbers highest in three years

The number of first-time buyers in London and Scotland have risen to their highest levels in nearly three years, according to the Council of Mortgage Lenders. In its first quarterly report on lending in London, the CML said that around 10,000 first-time buyers took out a mortgage in London in the third quarter, the highest […]

AR firms on the rise again as figures show small increase

The number of appointed representative and directly authorised mortgage firms is on the increase, according to FSA figures. In March 2012 there were 2,383 AR firms operating in the market compared to 2,434 at the end of September, an increase of 2.1 per cent. At its peak there were 5,123 AR firms operating in the […]


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