View more on these topics

Brokers urged to inform clients about illness cover

Brokers advising homebuyers have been urged to inform clients about critical illness protection, with guaranteed rates potentially being phased out, writes Ben Stafford.

Norwich Union increased their guaranteed rates by 50% in December and other companies may well follow suit. Pundits say such moves reflect re-insurers&#39 concerns that improvements in medical techniques will lead to a rise in the number of claims passed to life offices.

Lee Davy, director at Cheshire-based life broker Rebroke, says: “Brokers should be looking to make sure quotes are based on guaranteed rates and that they don&#39t let quotes expire. Providers such as Norwich Union won&#39t necessarily give a warning about withdrawals or rate changes in the future.”


Woolwich chief exec Peacock to step down

Mortgage brokers have expressed regret at news that The Woolwich chief executive Lynne Peacock is to step down early this year.Peacock has been with the former building society for 19 years and has worked in almost every department, most recently as operations director. She was behind The Woolwich Open Plan account.Peacock originally decided to leave […]

Nervous housebuyers ready to welcome seller&#39s packs

Fluctuating predictions for the future of the UK property market in 2003 have left housebuyers nervous and ready to welcome seller&#39s packs with open arms, research from Yorkshire Bank reveals. And the bank says that the emerging need for greater assurance in uncertain times is also reflected in the numbers of buyers now no longer […]

New fee-free deal from The Derbyshire

Derbyshire Building Society has launched a new fee-free remortgage. The new three-year discount remortgage replaces The Derbyshire&#39s former three-year fixed rate remortgage product. It combines a three-year discount of 1.54% off the Derbyshire SVR with the waiving of fees and charges, to give a current rate of 4.15%. A key feature is that borrowers can […]

Nationwide fails to win support on CAT issue

The Council of Mortgage Lenders and equity release groups have dismissed Nationwide&#39s calls for lifetime mortgages to be covered by government CAT standards.Nationwide – which doesn&#39t currently offer equity release – insists the move would reassure potential customers and stimulate market growth.Philip Williamson, chief executive at Nationwide, is behind a campaign to define a new […]

Top seaside property hotspots revealed

Like to let beside the seaside? The latest research from LendInvest looks specifically at coastal towns to find which areas offer the top average rental yields to landlords. Where are the top seaside postcodes for landlords? The interactive map below looks at the highest rental yields along the UK coast. According to the data, Hull, […]


News and expert analysis straight to your inbox

Sign up