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The GuardianMortgages are now the most affordable since the mid-1990s, says HalifaxThe GuardianUnsurprisingly, the 10 least-affordable areas are mainly in London and the south-east. The London boroughs of Brent and Haringey are said to be the least affordable places in the country, with average mortgage payments on a new home loan eating up 61.1 ...and more » Papers: Tech tax deepens EU-US trade Daily Telegraph: Banks have been warned that British homeowners' giant mortgages may be affordable now, but could get them into trouble as interest rates rise. Financial Times: A top Visa executive has launched one of the most outspoken attacks yet ...and more »
The TimesJoin the race to remortgageThe TimesBorrowers are scrambling in record numbers to take out fixed-rate mortgages before an expected rise in the Bank of England base rate. This month 25 lenders, including Barclays, Halifax, NatWest and TSB, raised the cost of mortgage deals, including 11 ...and more »
The TimesGood news for landlords looking for a mortgage dealThe TimesLast year buy-to-let lending fell to a four-year low, according to the Bank of England. Buy-to-let loans now make up 12.7 per cent of total mortgage lending — in 2016 it was 21.4 per cent. John Eastgate of Kent Reliance, a specialist buy-to-let lender ...
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Nearly half of mortgage holders don’t have life cover to protect their mortgage01-11-2010

Nearly half of mortgage holders in the UK (43%) don’t have their mortgage contributions covered by life insurance according to new research from Sainsbury’s Life Insurance.... around 7 million people owing £318 billion in total on their home loans have no life insurance to cover them.

In recession when you’re tightening your belt and need money for the immediate priorities, insurance against what might happen in future does seem like the best thing to cut. But think about what might happen if you were to die and leave your nearest and dearest with a mortgage to pay. If they couldn’t afford to make the mortgage repayments they might have to sell their home – at what is already one of the most stressful times they have to deal with. If you can afford if life insurance gives you the peace of mind to know that if you die the mortgage will be paid off and your family can go on living in their home as long as they want to.  

Life insurance doesn’t have to be expensive. Sainsbury’s Finance offers premiums which start from £5 a month. Nectar card holders taking out a new policy before 30th November 2010 will receive £50 of Sainsbury’s vouchers and 1,000 Nectar points.

Shop around to find the best deal for you.

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