Mortgage borrowers facing soaring monthly payments were offered little solace as the new Chancellor Jeremy Hunt took an axe to virtually all of his predecessor’s mini-budget tax cut plans. Mortgage lenders started to pull their best deals just hours after Hunt announced he was ditching all but two of his predecessor’s planned tax cuts. Hunt’s statement wasRead more

luestone Mortgages made the decision last week to pull all its pre-offer rates after telling brokers the scale of rises in swap rates had made its pipeline “sub-economic”. The decision, communicated to brokers on October 12, has left clients facing interest rates of over 8 per cent. “I felt sick having to tell her”, Mansfield-basedRead more

The housing market in 2021 was one for the record books. With prices at historic highs and the number of listings in a deep hole, open houses looked like Black Friday sales and many would-be buyers were elbowed out of the melee. In 2021, the share of buyers paying all cash for home purchases trendedRead more

While U-turns in UK government policy are expected to calm markets and ease pressure on mortgage rates, this has not fed through to consumers yet, according to research from Moneyfacts. The average rate for two-year fixed rate loan rose to 6.53% on Tuesday, Moneyfacts said. That was the highest rate for such a deal sinceRead more

The current average rate on a 30-year fixed mortgage is 7.22%, compared to 7.10% a week earlier. For borrowers who want a shorter mortgage, the average rate on a 15-year fixed mortgage is 6.38%, up 0.12% from the previous week. Homeowners who want to lock in a lower rate by refinancing should compare their existingRead more

The non-life insurance penetration had gone up from 2.15% in 2001, to 4.60% in 2009. Since then, it exhibited a declining trend till 2014. There was a slight increase in insurance penetration in 2015 reaching 2.72%, while it remained the same in 2016, increased to 2.76% in 2017, and decreased to 2.74% in 2018. TheRead more

Home insurance or property insurance secures the structure along with its content against unwanted events like fire, theft, natural calamities (storm, cyclone, etc.) or man-made activities (riots and terrorism). With the arrival of auspicious occasions, it is advisable for you to invest in a home insurance policy, as securing your assets is one of theRead more

A medical insurance policy, also called as health insurance, covers medical expenses for illnesses or injuries. It reimburses your bills or pays the medical care provider directly on your behalf. A comprehensive medical insurance covers the cost of hospitalisation, daycare procedures, medical care at home (domiciliary hospitalisation), ambulance charges, amongst others. A health insurance planRead more

Having a suitable car insurance policy helps the vehicle owner to be protected against all kinds of financial losses and legal liabilities arising out of natural and man-made accidents, which might cause major or minor damages to the car, property or any individual. Forbes Advisor India analyzed 20 large motor insurance companies to help youRead more

The new 13th Gen Intel processors come with improved performance numbers over last year’s Intel 12th Gen chips. Image Source: Intel Intel launched its 13th generation of desktop processors in India today, a series that consists of 22 processors across segments, including the new i9-13900K. The launch comes weeks after AMD announced its new Ryzen 7000Read more