Mortgage and Insurance Blog

Date - 11th November 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 this week with Nat West, Furness, Leeds, Suffolk, Chorley, Loughborough, Nottingham, Together, Hinkley and Teachers have all announced recent changes.


In criteria news, Halifax have announced changes to their income multiples.

Zephyr make changes to adverse credit and property location rules.

Platform announce a change to minimum employment period rule.

Skipton make change to their income multiple rules.


In wider news, a good bit of news for landlords, as of Budget- day, the government has immediately extended the deadline to report a Capital Gain on the sale of residential property from 30 days to 60 days. 

Data from the automated valuation firm, Hometrack states that five per cent of all properties in the UK fall into the highest flood risk category and may lead to 1.5 million homes being in danger in less than thirty years, They, also add that this figure will rise by one per cent in the next 30 years, and by a further one per cent by 2080. The company says: “This means 1.5 million homes will be at risk of flooding by 2050, with 300,000 falling into the highest risk category.” The research comes as world leaders gather for COP26 climate change talks in Glasgow between 31 October and 12 November.

Office for National Statistics data show that the average house price across the UK reached £264,000 in August, an increase of £25,000 compared to the same month last year. Month-on-month prices were up 2.9% across the UK.


In Insurance news, Mutual society OneFamily finds that covering the cost of funerals and the need to protect families are the main reasons for over 50s buying life insurance.

Research conduct in August this year among 2,000 UK adults aged 50 or older found that 40% said that they didn't want family members to have to pay funeral expenses, while 30% said they have bought life insurance as they are approaching later life.

 Meanwhile, the need to protect their family (28%) was also identified as a main trigger for seeking out life insurance.


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.


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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