Mortgage and Insurance Blog

Date - 28th April 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 Keystone, Mansfield, Nottingham, Paragon, Furness, Hinkley, Foundation, Beverley and Leeds all announcing changes.

Lots of lenders are now offering 95% lending and rates are changing regularly as demand increases and some lenders want to reduce business levels and others want to increase it. So, for up-to date information, please do get in touch and I’ll be happy to make a recommendation for you.


In criteria news, Castle Trust announce changes to their Buy to Let rental calculation.

Nat West make changes impacting the splitting of title deeds on completion, and in their Buy to let range now have a minimum income requirement of £25000.

The Mortgage Lender will now allow first time landlords for their BTL range.

The Cambridge BS make a number of changes including now allowing sale of property for an interest only application.

Platform make changes to their maximum income multiplier for residential applications.


In wider and linked news, the value of homes sold in the UK hit £149bn in the first 15 weeks of this year, almost double the amount in the same period in 2020 and 2019, according to Zoopla.

This surge was “fuelled by the enduring ‘search for space’ that emerged during the pandemic and shaped the market over the past 12 months”, says the property portal’s monthly House Price Index.

One in every 50 homes was sold between 1 January and 15 April, up from one in every 100 homes during the same period last year, according to the survey. Buyer demand is up 27.5% in the year to date compared to average levels in 2020 and peaked in the week following Easter, but demand has fallen back since the first stage of lockdown easing beginning on 12 April in England…and…

Stamp duty receipts jumped to £1.2bn (£1,196m) in March, amid the extension of relief from the tax introduced by the chancellor. The government’s take from the levy was 22% higher than the same month a year ago and was the fifth-highest monthly sum since the tax was introduced in 2003, according to an HMRC report.


In Insurance new, a reminder as to why we arrange cover for clients, with Aviva announcing record breaking pay-outs during 2020 totalling £1,043,271,324 across its individual protection, of which £38.9 million was related to Covid-19, with the majority paid out to families on life insurance policies.

The insurer paid out on 98.2% of claims received throughout the year for life insurance, crucial illness, income protection and fracture cover. Over £682 million was paid out on life insurance claims last year, including terminal illness benefit. If you need some advice regarding life insurance and the linked plan’s please feel free to give me a call and I’ll be happy to help.


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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