Mortgage and Insurance Blog

Date - 11th 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 Leek, Nat West, Foundation, Dudley, Scottish, Saffron, Nottingham, Leeds, HSBC, Halifax, and Bank of Ireland all announcing changes.


In criteria news, Ipswich confirm they will now accept a day one self - build re-mortgage application for a client as long as they show as the land-owner on the Land Registry prior to application

HSBC have announced changes in how they will underwrite self - employed / company director mortgages and the date of the account’s submission to HMRC is a major factor. In addition, a commercial credit search of the business may also be completed.

Skipton is launching two 95% LTV mortgage deals that are available on new-build houses. However, lending on new-build flats is restricted to 85% LTV apart from in the case of shared ownership properties where it will lend up to 95% LTV on both houses and flats.


In wider news, The UK’s available housing stock has slumped by 40% since the start of the year, according to Propertymark. The estate agent’s body says this has led to 19 buyers chasing each home on the market.

It adds, the number of properties selling for more than the asking price in June is the highest on record for the third month in a row. In June, two in five, or 40%, of homes sold for more than the original asking price, a jump from May when 33% of properties sold for more than the original asking price.


In Insurance news, statistics from the Office of National Statistics show an increasing number of people in the UK are suffering from Long Covid symptoms for over 12 months. The latest data from the Office of National Statistics (ONS) published on 5 August shows that around 945,000 people in private households throughout the UK are self-reporting symptoms of Long Covid.

This represents a slight decrease from over one million people reported by the ONS in early June.

Covering the four-week period ending 4 July, the statistics show that of the total number of people recording Long Covid symptoms, 88.4% (835,000) first had (or suspected they had) Covid-19 at least 12 weeks previously, while 40.2% (380,000) first had the virus, or suspected they had the virus, at least 12 months previously.

If you need help looking into the wordings and definitions of a new plan, please feel free to get in touch and I’ll be happy to help arrange the new cover.


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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