Mortgage and Insurance Blog

Date - 04th August 2021

Written by Richard Johnson


Hello again readers,


I hope you are all keeping safe and well and if you need any assistance with your mortgage finance or insurance needs, please feel free to email / call me and I will be happy to help.


It has been a busy week in the interest rate world, with Halifax, Nottingham, Leeds, Barclays, West Bromwich, Saffron, Furness, Leek, CHL and HSBC all announcing changes.


In criteria news, Kensington announce a new range of products for those “who may have suffered financially during the pandemic and had a credit blip, as long it was more than six months ago”.

Clydesdale announce they will potentially accept borrowers who have taken SEISS or BBL.

Kensington announce changes to their settled and pre-settled EU national rule.

Newcastle announces changes to min mortgage term.

Hinkley and Rugby make changes to their acceptable deposit source rule.


In wider news, Pepper have successfully closed their largest securitisation to date. The £425m securitisation comprised entirely of first charge mortgages, having gained strong support from a wide range of investors. This deal should help the lender continue to grow again this year. 

Record tenant demand and properties being let out quicker than ever before across Great Britain has led to the average asking rent of a home outside of London surpassing £1,000 (£1,007) per calendar month for the first time, according to Rightmove’s Quarterly Rental Trends Tracker. The latest data also shares positive news for city centres, which had been experiencing a mass exodus since the beginning of the pandemic, as tenant demand begins to return.


In Insurance news, Royal London has increased pay-outs for its critical illness policies for parents and children. In an announcement, the insurer said the pay-out for additional cover conditions for parents was to rise by £5,000 to reach £30,000.

This change will also boost any pay-out from its enhanced child critical illness cover (CIC). Death pay-outs for the enhanced child policy have also been increased to £10,000 for the children's death benefit and stillbirth. This marked a doubling of the previous pay-out.

In addition, for the standard child policy, Royal London has introduced a child death payment of £5,000, and children can be covered up to the age of 22 - or 23 if they are in full-time education.

I hope you found this post of interest and feel free to get in touch with me if you need any help with your mortgage or insurance needs,


All the very best,


Richard Johnson

Cert CII (MP), CeCM, AdvCemap, CeRGI

Mortgage and Insurance Consultant.

Mobile Phone ; 07881802962

Office : 0208 245 8464 direct dial

Email :




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